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?

Answer 1

40% of his income goes towards his mortgage.

Answer 2

40.91% percentage of Robert income spend on his mortgage .

Explanation:

Formula

`Percentage = (Part\ value* 100)/(Total\ value)`

As given

Robert has a monthly income of $1650.00.

His monthly mortgage payment is $675.00.

Total value = $ 1650

Part value = $ 675

Put all values in the formula

`Percentage = (675* 100)/(1650)`

`Percentage = (67500)/(1650)`

Percentage = 40.91% (Approx)

Therefore the 40.91% percentage of Robert income spend on his mortgage .