Question

Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spend on his mortgage? A. 34.7% B. 40.2% C. 40.9% D. 37.8%

Answer 1

675.00/1650.00 = 0.4090...
(0.4090)(100) = 40.9
The answer is C. 40.9%.

Answer 2

Option C : 40.9% is the correct answer.

Explanation:

The total monthly income of Robert = $1650

The mortgage payment of Robert = $675

Thus, the percentage of his income Robert spends on his mortgage is;

`(675)/(1650)*100` = 40.9%

Therefore, Robert spends 40.9% of his monthly income on mortgage payment.