Question

Natalie makes $2,000 per month. She spends $100 on credit card payments and $250 on an auto loan. Does she have excessive debt?

a.) No, because her debt ratio is lower than 30 percent.
b.)Yes, because her debt ratio is above 36 percent.
c.)No, because her debt ratio equals 36 percent.
d.)Yes, because her debt ratio equals 20 percent.

Answer 1

Yes Answer: yes

Step-by-step explanation:Because she is spending to much then she reall has wich wil make her go in debt