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31 May, 11:32

Angela has a monthly gross income of $3000 and her expenses are $1,200. What is her back-end ratio

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  1. 31 May, 11:42
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    Her back-end ratio is 40%.

    Step-by-step explanation:

    Back-end ratio is ratio, that indicates what portion of a person's monthly income goes toward paying debts. The formula is (Total monthly debt expense / Gross monthly income) x 100

    So ... 1,200/3000=0.4

    0.4*100=40
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