Find Malcolm's debt-to-income ratio if his monthly expenses are $975 and his monthly salary is $1200.

Question 8 options:

a) 1.23

b) 0.795

c) 0.75

d) 0.8125

Question

Heath Boyd

Mathematics

21 November, 10:30

Find Malcolm's debt-to-income ratio if his monthly expenses are $975 and his monthly salary is $1200.

Question 8 options:

a) 1.23

b) 0.795

c) 0.75

d) 0.8125

+2

Answers (2)

Know the Answer?

Arely Burnett · Answer 1

Answer: D. 0.8125

Step-by-step explanation: His expenses is $975, and his salary is $1200. Divide the expenses by the salary to find the debt-to-income ratio.

975/1200 = 0.8125

The debt-to-income ratio is 0.8125.

Tommy Gibbs · Answer 2

d) 0.8125

Step-by-step explanation:

Malcolm's debt-to-income ratio is 0.8125 if his monthly expenses are $975 and his monthly salary is $1200.

All you have to do is divide monthly expenses by the monthly salary.

975 : 1200 = 0.8125

Find Malcolm's debt-to-income ratio if his monthly expenses are $975 and his monthly salary is $1200.Question 8 options:a) 1.23b) 0.795c) 0.75d) 0.8125

Find Malcolm's debt-to-income ratio if his monthly expenses are $975 and his monthly salary is $1200.

Question 8 options:

a) 1.23

b) 0.795

c) 0.75

d) 0.8125