A family has annual loan payments equal to 32% of their annual income. During the year, the loan payments total $15,680. What is the family's annual income?

Question

Aurora

Mathematics

30 October, 08:26

A family has annual loan payments equal to 32% of their annual income. During the year, the loan payments total $15,680. What is the family's annual income?

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Answers (2)

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Kyson Hogan · Answer 1

I came up with 49,000 as the family's annual income.

x is the annual income

if we set the equations to 32/100 x = 15,680, we can multiply by 100, this leaves us with 32x=1568000

if we divide by 32, we're left with

x = 49,000

Zion Bond · Answer 2

let family income be x

32%x=15680

32/100x=15680

x=15680X100/32

x=49000