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Seth has a monthly income of $2,500. He has a $400 car payment and owes $225 on electronic equipment. What is the percentage of Seth’s income he is paying out in debt payments

Respuesta :

Samawati

Answer:

=25%

Explanation:

Seth has an income of $2500

His expenditure on debts is the car: $ 400 + electronic $ 225

Total  expenditure  is  $625

As a percentage of income $625/2500 X 100

=0.25 x 100

=25%

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