1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KonstantinChe [14]
3 years ago
12

A borrower earns $8,000/month and makes credit card and car note payments of $900. A conventional lender requires a 30% income r

atio. What monthly amount for housing expenses (principal, interest, taxes, insurance) will the lender allow this person to have in order to qualify for a conventional mortgage loan?
Mathematics
1 answer:
Pavlova-9 [17]3 years ago
5 0
Answer: The lendor will allow for $1500 for the housing expenses.

This lendor is allowing 30% for the debt. So, we start by multiplying 8000 times 0.3 which equals 2400.

However, we have to subtract the current debts of 900.
2400 - 900 = 1500
You might be interested in
What is 30 percent of 2000 dollars?
fiasKO [112]
10% of $2,000 is $200.

30%=3*10%

Therefore:

30% of $2,000 is $600.
6 0
3 years ago
Read 2 more answers
Please help me please
Anastaziya [24]

Answer:

the answer is A ...........

8 0
3 years ago
Complete the following statement.<br><br> 20% of $55 = $____
Eva8 [605]

Answer:

$11

Step-by-step explanation:

Let's take 20% and convert it into a decimal, which is .20. Multiply that percentage by $55 (.20 * 55) and you get $11, which is the answer.

3 0
3 years ago
2x-3y=-5<br> 2x+y=7<br> what is the solution?
shusha [124]

Answer:

y = 3 and x = 2

Step-by-step explanation:

subtract the 2nd eqn from the first...

-4y = -12

y = 3

substitute the value of y into either of the eqns...

2x - 3(3) = -5

2x = 4

x = 2

6 0
3 years ago
A service station checks Mr. Gittleboro's radiator and finds it contains only 30% antifreeze. If the radiator holds 10 quarts an
Andrew [12]

Answer:

2.86 quarts ( approx )

Step-by-step explanation:

Given,

The initial quantity of the Mr. Gittleboro's radiator that contains 30% antifreeze = 10 quarts,

Let x quarts of pure antifreeze replaced x quarts of Mr. Gittleboro's radiator to bring it up to a required 50% antifreeze,

So, the quantity of 30% antifreeze radiator after drained off x quarts = (10-x) quarts

Also, the quantity of final antifreeze radiator 50% antifreeze = 10 quarts

Thus, we can write,

30% of (10-x) + 100% of x = 50% of 10

30(10-x) + 100x = 500

300 - 30x + 100x = 500

300 + 70x = 500

70x = 200

x = 2.85714285714 quarts ≈ 2.86 quarts

4 0
3 years ago
Read 2 more answers
Other questions:
  • Jana paid a $75 initial fee to join a sports club and a monthly fee of $14 per month. Write an expression that shows how much Ja
    15·2 answers
  • What is 45/76 simplified
    5·2 answers
  • June's flower bed has a length of 8 feet and a width of seven eighths feet. Is the area of the flower bed larger, smaller, or eq
    11·2 answers
  • Complete the following definition.
    7·1 answer
  • The point (2,–5), when reflected across the origin, maps onto the point _______. answers : (–5,2) (5,–2) (–2,5) (2,5)
    10·1 answer
  • Type the correct answer in the box. Use numerals instead of words.
    8·1 answer
  • ILL BRAINLIEST YOU IF YOU PLEASE HELP ME AND ILL GIVE 30 EXTRA POINTS
    9·1 answer
  • Simplify the following (x–2/3)(x–2/3)​
    6·1 answer
  • Right answers, marking brainliest if correct.
    7·2 answers
  • Some cones are mathematically similar. Two of the cones have radii in the ratio 2:3. Write down the ratio of their masses.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!