Blake earns $3,200 each month. He pays $600 per month for housing, $300 per
month for a car loan, and $150 per month in
other debt payments. Find Blake's debt-to-
income ratio to the nearest tenth of a
percent.
A. 32.8%
B. 32.1%
C. 33.9%
D. 33.4%

A. 32.8%

Step-by-step explanation:

Blake's incomes are $3,200 each month.

His debts are:

$600 per month for housing

$300 per  month for a car loan

$150 per month in  other debt payments

Total payments: $600+$300+$150=$1,050

The debt-to-income ratio is calculated by:

r = 32.8%

equal to

step-by-step explanation: