Conrad Jennings�s monthly take home pay is $3500. He has a $600 mortgage payment, $300 car payment, $500 student loan payment, a
nd credit card payments in the amount of $1000. Calculate his debt-to-income ratio. A. 29% B. 31% C. 37% D. 69%
1 answer:
All his debt adds up to $1100.
The ratio is 1100/3500
1100/3500 = x/100 ~ cross multiply
The answer is: B. 31%
You might be interested in
Answer:
0.1025641026
Step-by-step explanation:
-8/12×-2/13
=16/156
=0.1025641026
Answer:
2.5
×
t
=
2.5
t
Step-by-step explanation:
Answer:
2221.75
Step-by-step explanation:
8887 ÷ 4 = 2221.75
A number that is greater than 714,587 is 1,000,000
Answer:
-5
Step-by-step explanation:
The last number is always the y intercept. This number is -5 in this case.
