Using the standard 28/36 ratio, determine the maximum allowable recurring debt for someone with a

Mathematics

1 answer:

Mumz [18]1 year ago

4 0

The maximum allowable recurring debt for someone with a monthly income of $54.875 is $4.39.

<h3 /><h3>Maximum allowable recurring debt:</h3>

Using this formula

Maximum allowable recurring debt=Ratio×Monthly income

Where:

Ratio=28/36

Monthly income=$54.875

Let plug in the formula

Maximum allowable recurring debt=(36%×$54.875)-(28%×$54.875)

Maximum allowable recurring debt=$19.755-$15.365

Maximum allowable recurring debt=$4.39

Inconclusion the maximum allowable recurring debt for someone with a monthly income of $54.875 is $4.39.

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7.60. When Paul crossed the finish line of a 60-meter race, he was ahead of Robert by 10 meters and ahead of Sam by 20 meters. S

Lelechka [254]

Answer:

The number of meters Robert will beat Sam is 12 meters.

Step-by-step explanation:

Given:

When Paul crossed the finish line of a 60-meter race, he was ahead of Robert by 10 meters and ahead of Sam by 20 meters. Suppose Robert and Sam continue to race to the finish line without changing their rates of speed.

Find:

the number of meters by which Robert will beat Sam

Step 1 of 1

When Paul finishes, Robert has run 60-10=50 meters and Sam has run 60-20=40 meters.

Therefore, when Robert and Sam run for the same amount of time, Sam covers $\frac{40}{50}=\frac{4}{5}$ of the distance that Robert covers. So, while Robert runs the final 10 meters of the race, Sam runs $\frac{4}{5} \cdot 10=8$ meters.