Find Malcolm’s debt-to-income ratio if his monthly expenses are $975 and his monthly salary is $1200. Question 8 options: <

Question

Find Malcolm’s debt-to-income ratio if his monthly expenses are $975 and his monthly salary is $1200.
Question 8 options:

a) 1.23

b) 0.795

c) 0.75

d) 0.8125

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2 weeks 2021-09-10T22:42:08+00:00 2 Answers 0

Answers ( )

    0
    2021-09-10T22:43:31+00:00

    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.

    0
    2021-09-10T22:43:52+00:00

    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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