des1986 des1986

18-07-2022
Mathematics

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Which person has a dept ratio that is higher the 18%

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Parrain Parrain

19-07-2022

the person with the debt ratio that is higher than 18% can be found by dividing the person's debt by their income .

what is the debt ratio?

the necessary information is not given so a general explanation will be given.

the debt ratio is found by the formula:
= monthly debt payment / monthly gross income

this figure allows creditors to see if a person can affort to incur more debt based on how much of their gross monthly income is being used to service debt.

find out more on the debt ratio at https://brainly.com/question/8033732.

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