Question

HELP PLEASE

Milton Cook�s monthly take home pay is $3250. He has a $800 mortgage payment, $100 car payment, $400 student loan payment, and credit card payments in the amount of $35. Calculate his debt-to-income ratio.

Please work out problem and explain the steps

Answer 1

he will have 1915 left out of what he brings home so he will have 191.500% left you need to subtract the amount he needs to spend from the amount he has and when you get your final answer right it as a precent

Answer 2

((800+100+400+35)÷3,250)×100
=41%