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If your households debt earnings ratio is 25%. How much debt would you have if your family’s earnings are $40,000?
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If your households debt earnings ratio is 25%. How much debt would you have if your family’s earnings are $40,000?

User Benedikt Schmidt
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1 Answer

3 votes

Answer: $10,000

Work Shown:

25% of 40,000 = 0.25*40,000 = 10,000

User Vijay Chavda
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