 Mathematics
28 November, 02:20

# Find Malcolm's debt-to-income ratio if his monthly expenses are \$975 and his monthly salary is \$1200.Question 8 options:a) 1.23b) 0.795c) 0.75d) 0.8125

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Answers (2)
1. 28 November, 03:09
0
Answer: D. 0.8125

Step-by-step explanation: His expenses is \$975, and his salary is \$1200. Divide the expenses by the salary to find the debt-to-income ratio.

975/1200 = 0.8125

The debt-to-income ratio is 0.8125.
2. 28 November, 03:25
0
d) 0.8125

Step-by-step explanation:

Malcolm's debt-to-income ratio is 0.8125 if his monthly expenses are \$975 and his monthly salary is \$1200.

All you have to do is divide monthly expenses by the monthly salary.

975 : 1200 = 0.8125
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