Question

Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spend on his mortgage?

Answer 1

40% of his income goes towards his mortgage.

Answer 2

Answer:

40.91% percentage of Robert income  spend on his mortgage .

Step-by-step explanation:

Formula

$Percentage = \frac{Part\ value\times 100}{Total\ value}$

As given

Robert has a monthly income of $1650.00.

His monthly mortgage payment is $675.00.

Total value = $ 1650

Part value = $ 675

Put all values in the formula

$Percentage = \frac{675\times 100}{1650}$

$Percentage = \frac{67500}{1650}$

Percentage = 40.91% (Approx)

Therefore the 40.91% percentage of Robert income  spend on his mortgage .