Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with a monthly income of $4,850.
a. $388
b. $776
c. $970
d. $1,358

The correct answer is A. $388

Step-by-step explanation:

The 28/36 Rule states that : A household should spend a maximum of 28% of its gross monthly income on total housing expenses and not more than 36% on total debt service.

Maximum expense on housing expense = 28% of 4850

                                                                    = $1358

Maximum expense on total debt service = 36% of 4850

                                                                    = $1746

Therefore, the maximum allowable recurring debt with a monthly income of $4,850 = 1746 - 1358 = $388

Hence, The option A is correct.

A

Step-by-step explanation:

Cause I’m Coochie man

(edge)

0 and 5 minutes

step-by-step explanation:

given that one morning eight buses arrive late by the number of minutes given below:

0 8 2 6 9 2 0 7 8

write these in ascending order

0   0 2 6 7 8 8 9

in the afternoon two more buses arrive at the bus stop say by x and y minutes late.

total number of buses = 10

median = average of 4th and 5th after arranging in ascending order

since 4th entry is 6, the values of x and y should be below 6

also given 0 is the mode so either x or y or both should be 0 because then only 0 gets the maximum frequency and hence mode

thus we have

0 0 0 2 6 7 8 8 9 and another unknown entry which is below 6.

since median is 3.5, we have the unknown entry to be 5 only because then only median =( 2+5)/2

thus the after noon buses were late by 0 and 5 minutes.