Question 935117: if a mortage payment is 1260 per month, and one person makes 30,000 per year and the other person makes 105,000 per year. What would be the amount each person would be responsible for based on their individual yearly incomes
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! if a mortage payment is 1260 per month, and one person makes 30,000 per year and the other person makes 105,000 per year. What would be the amount each person would be responsible for based on their individual yearly incomes?
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Equation::
30,000x + 105000x = 1260
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135000x = 1260
x = 0.00933
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The person making 30,000 should pay 30,000*0.00933 = $280
The person makiing 105,000 should pay 105,000*0.00933 = $980
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Cheers,
Stan H.
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