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6 April, 18:51

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

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Answers (1)
  1. 6 April, 19:06
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    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.
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