Question

Find Jada’s debt-to-income ratio if her monthly expenses are $1850 and her monthly salary is $2500. Express your answer as a decimal.

Answer 1

The debt to income ratio of Jada is 0.74.

Given that,

• The monthly expense is $1,850.
• And, the monthly salary is $2,500

Now we have to find the debt to income ratio.

So following formula be used:

= Monthly expense ÷ monthly salary

= $1,850 ÷ $2,500

= 0.74

Therefore we can conclude that the debt to income ratio of Jada is 0.74.

Learn more: brainly.com/question/17136150