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3 years ago

Owen makes $3,000 per month. He spends $300 on credit card payments and $350 on an auto loan. What is his debt-to-income ratio?

Mathematics

2 answers:

Elenna [48]3 years ago

5 0

He spends $750, and makes $3000

3000/650=0.22

The answer is 22%

Mrrafil [7]3 years ago

4 0

Answer: Option 'D' is correct.

Step-by-step explanation:

Since we have given that

Income per month = $3000

Credit card payment = $300

Loan amount on auto = $350

Total amount of debt is given by

$\$300+\$350\\\\=\$650$

So, Ratio of debt to income would be

$\dfrac{650}{3000}\times 100\\\\=\dfrac{650}{30}\\\\=21.6\\\\=22\%$

Hence, Option 'D' is correct.

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Click here What is the average rate of change for this exponential function for the interval from x=2 to x = 4? 15 10 -5 5 10 O

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c. 6

Step-by-step explanation:

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2 years ago

What 1 thruogh 100 added up them divided

Marina CMI [18]

We can use the sum of an aritmetic sequence
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2 years ago

Which of the following equations is equivalent to x - y = 5?

Masja [62]

Answer:

$6x-6y=30$

Step-by-step explanation:

The complete options are

a) x - 2y = 30

b) 4x - 3y = 30

c) 3x - 4y = 30

d) 6x - 6y = 30

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$x-y=5$

Verify option d

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$6x-6y=30$

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3 years ago