Jim has an annual salary of $96,000. His monthly expenses include a $2,500 mortgage payment, a $250 lease payment, $500 in minimum credit card payments, and a $425 payment on his speed boat. He also receives $1,200 in interest from his savings and other accounts each month. Calculate Jim’s DTI (debt-to-income) ratio. a. 30% b. 35% c. 40% d. 45%

a.

step-by-step explanation:

step 1 distribute 2 to every term in the parentheses

step 2 add 10 on both sides of the equal sign

the answer would be c:   ax + b = ax + c

step-by-step explanation:

26 is 33.33% of 78

step-by-step explanation:

26 is what percent of 78?

26 is p% of 78

equation: y = p% * x

solving our equation for p

p% = y/x

p% = 26/78

p = 0.3333

convert decimal to percent:

p% = 0.3333 * 100 = 33.33%

step-by-step explanation:

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