What is the formula to use to calculate the debt-to-income ratio?
.
income + debt /100
income/debt x 100
debt / income x 100
debt x income

The formula to use to calculate the debt-to-income ratio is debt / income x 100.

Option C

Explanation:

To calculate the debt to income ratio, first of all, all the debt of the person should be added up in to a total, then that debt should be divided by the income of the person but which is the gross income that is the income before paying the tax.

Then what ever the answer comes, that number should be multiplied by the number hundred to form a percentage because the percentage could be better understood by the person.

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