Ask Question
16 February, 14:30

Natalie makes $2000 per month she spends 100 on credit card payments what is her debt to income ratio

A) 17.5

B) 22

C) 2.7

C) 33.5

+3
Answers (1)
  1. 16 February, 14:55
    0
    Monthly income = 2000 dollars

    Debt to pay = 250 + 100 = 350 dollars

    Let's find the ratio of debt to income.

    => 350 / 2000 = 0.175

    => 0.175 * 100 = 17.5 percent.

    Thus 17.5% of his salary goes to his debts for credit card and auto loan.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Natalie makes $2000 per month she spends 100 on credit card payments what is her debt to income ratio A) 17.5 B) 22 C) 2.7 C) 33.5 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers