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

Question

Karen Green

Business

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

+2

Answers (1)

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Armstrong · Answer 1

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.

Natalie makes $2000 per month she spends 100 on credit card payments what is her debt to income ratioA) 17.5B) 22C) 2.7C) 33.5

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