Search 74,045 tutors
FIND TUTORS
Ask a question
0 0

percentage

In 2011 americans spent an average of 13.6% of their monthly earnings on mortage payment which represented a 41% decrese from the valu in 2006 what percentage of monthly earming did americans spend on mortgage payments in 2006?
Tutors, please sign in to answer this question.

1 Answer

let x=the percent of monthly earnings spent on mortgage in 2006
x-41%x=13.6%
x-0.41x=0.136
0.59x=0.136
59x=13.6
x=13.6/59
x=0.2305
x=23.05%
check:
if you decrease 23.05% by 41%, that means you have now only 59% of it left
59% of 23.05%=0.59*0.2305=0.13599=13.599%≈13.6%

Woodbridge tutors