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Question 16
Last year, Katie earned £16200. Her total loan repayments were £6400. Katie estimates that the ratio of her loan repayments to her earnings is approximately 3 : 8. ... show full transcript
Step 1
Answer
To find the ratio of Katie's loan repayments to her earnings, we need to divide her loan repayments by her total earnings:
Calculating this gives:
To express this as a ratio, we can simplify it. We can multiply both the numerator and denominator by 100 to make it easier:
Next, we simplify it further as needed.
Step 2
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