Ask Question

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

+2
Answers (1)
  1. 7 June, 11:55
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Angela has a monthly gross income of $3000 and her expenses are $1,200. What is her back-end ratio ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers