The inequality that shows the amount Ophelia needs to reduce her monthly debt payment to have a debt ratio of 35% is c) x>$2,377.17.
Ophelia's weekly gross income = $989.00
The number of weeks in a year = 52 weeks
The number of months in a year = 12 months
The number of weeks in a month = 4.33 weeks (52 ÷ 12)
Therefore, Ophelia's monthly gross income = $4,282.37 ($989.00 x 4.33)
The targeted debt ratio = 35%
The maximum monthly payment = $1,498.83 ($4,282.37 x 35%)
Minimum monthly debt payment = $3,876.00
The required reduction = $2,377.17 ($3,876.00 - $1,498.83)
Thus the correct inequality that shows the amount Ophelia needs to reduce her monthly debt payment to have a debt ratio of 35% is c) x>$2,377.17.
Complete Question:
Ophelia owns a home, has a weekly gross income of $989.00, and has total minimum monthly debt payments of $3876.00 choose the inequality that shows the amount Ophelia needs to reduce her monthly debt payment by to have a debt ratio of 35% .
a) x≤ $2,377.17
b) x> $1,498.83
c) x>$2,377.17
d) x≤ $1,498.83