Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with a monthly income of $3,200. a. $256 b. $512 c. $640 d. $896

a. $256.

Step-by-step explanation:

We are asked to find the the maximum allowable recurring debt for someone with a monthly income of $3,200 using 28/36 ratio.

Since 28/36 rule states that hat a household should spend at-most 28% of its gross monthly income on total housing expenses and at-most 36% on total debt service.

So the maximum allowable recurring debt for someone with a monthly income of $3,200 will be equal to 36% of $32,00 minus 28% of $3200.

Since the base amount for both rates is same, so we can also find 8%(36%-28%) of $3200.

Therefore, the maximum allowable recurring debt for someone with a monthly income of $3,200 will be $256 and option a is the correct choice.

total amount to be paid = $19.5

step-by-step explanation:

given ,

original price = $25.99

discount = 25%

discount amount = 25% of original price

discount amount = 25/100   * 25.99

discount amount = $6.49

hence , the total amount to be paid = original price - discount amount

                                                            = $25.99 - $6.49

                                                            =$19.5

total amount to be paid = $19.5

answer: c.  

step-by-step explanation:

mixtures containing substances that get attracted to magnet can be separated using a magnet. we can separate iron from a mixture of sand and iron, as only iron attracts to the magnet.