alondra0173
contestada

Blake earns $3,200 each month. He pays
$600 per month for housing, $300 per
month for a car loan, and $150 per month in
other debt payments. Find Blake's debt-to-
income ratio to the nearest tenth of a
percent.
A. 32.8%
B. 32.1%
C. 33.9%
D. 33.4%

Respuesta :

elcharly64

Answer:

A. 32.8%

Step-by-step explanation:

Blake's incomes are $3,200 each month.

His debts are:

$600 per month for housing

$300 per  month for a car loan

$150 per month in  other debt payments

Total payments: $600+$300+$150=$1,050

The debt-to-income ratio is calculated by:

[tex]\displaystyle r=\frac{1,050}{3,200}\cdot 100\%[/tex]

r = 32.8%

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