Question

If our monthly income is $3,250 and your house payment is $3,050, what fraction of your mon

income must go to pay your house payment?

Answer 1

Percent of income towards house payment: 93.846%

Explanation:

In order to find the percentage of a smaller value inside of a larger value, we divide the smaller value by the larger value and multiply it by 100. So what we did here is,

( 3050/3250 ) * 100 % = 93.846 %