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Michael Bob had a net income of $10,000 a month. His car note was $560 a month. What percent of his income was his car payments

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Step 1: Multiply the total income to a whole percentage
560:10000*100 =

Step 2:Multiply the amount of money spent on the car to whole percentage
(560*100):10000 =

Step 3: Divide the result by the total income
56000:10000 = 5.6

Therefore, Michael Bob spends 5.6% of his net income on car note a month.
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