Nicholas makes $2,000 per month.He spends $300 on credit card payments and $350 on an auto loan.what is his debt to income ratio
2 answers:
Answer:
0.325 or 32.5%
Step-by-step explanation:
Income per month = $2,000
Total monthly debt consist of the credit cards payment and auto loan. Therefore, the total debts
= $300 + $350
= $650
The debt to income ratio is a fraction of the debt to the total income
= $650/$2000
= 0.325 or 32.5%
Answer:
32.5%
Step-by-step explanation:
His debt payments total $300 +350 = $650.
As a fraction of his income, that is ...
$650/$2000 = 325/1000 = 32.5/100 = 32.5%
Nicholas's debt to income ratio is 32.5%.
You might be interested in
B cause it's true if you look at the graph
Answer:
Performance
Step-by-step explanation:
Performance is defined as acting, singing, playing an instrument or otherwise showing a craft to a group of people.
Answer:
Jerry will have two apples only
4-2=2
15 miles/2.5 mph=15/2.5=6 hours left
so 6 hours, 15 miles which is option D
Slope=
m=(y1-y2)/(x1-x2)
m=(-16--15)/(19--7)
m=(-16+15)/(19+7)
m=(-1)/(26)
Slope is -1/26
