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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?

If your households debt earnings ratio is 25%. How much debt would you have if your family’s earnings are $40,000?
asked 5.6k views
5 votes
If your households debt earnings ratio is 25%. How much debt would you have if your family’s earnings are $40,000?

asked
User Benedikt Schmidt
by
7.6k points

1 Answer

3 votes

Answer: $10,000

Work Shown:

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

answered
User Vijay Chavda
by
8.3k points
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