Find Malcolm’s debt-to-income ratio if his monthly expenses are $975 and his monthly salary is $1200.
2 answers:
Answer: D. 0.8125
Step-by-step explanation: His expenses is $975, and his salary is $1200. Divide the expenses by the salary to find the debt-to-income ratio.
975/1200 = 0.8125
The debt-to-income ratio is 0.8125.
Answer:
d) 0.8125
Step-by-step explanation:
Malcolm’s debt-to-income ratio is 0.8125 if his monthly expenses are $975 and his monthly salary is $1200.
All you have to do is divide monthly expenses by the monthly salary.
975 ÷ 1200 = 0.8125
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