1 answer:
Answer:
Malcolm’s debt-to-income ratio is 0.8125
Step-by-step explanation:
we know that
To find out Malcolm’s debt-to-income ratio, divide monthly expenses by the monthly salary
Let
x ------> Malcolm’s monthly expenses
y -----> Malcolm’s monthly salary
In this problem we have

The ratio is equal to

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Step-by-step explanation:
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Step-by-step explanation:
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