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13 July, 01:34

Seth has a monthly income of $2,500. He has a $400 car payment and owes $225 on electronic equipment. What is the percentage of Seth's income he is paying out in debt payments

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  1. 13 July, 01:58
    0
    =25%

    Explanation:

    Seth has an income of $2500

    His expenditure on debts is the car: $ 400 + electronic $ 225

    Total expenditure is $625

    As a percentage of income $625/2500 X 100

    =0.25 x 100

    =25%
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