If your households debt earnings ratio is 25%. How much debt would you have if your family’s earnings are $40,000?

Simon Karlsson asked Oct 10, 2023

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10 votes

Simon Karlsson asked Oct 10, 2023

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21 votes

Answer: $10,000

Work Shown:

25% of 40,000 = 0.25*40,000 = 10,000

Ivone Djaja answered Oct 14, 2023

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