Question

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

Answer 1

d) 0.8125

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

Answer 2

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.