You Are Likely to Have Financial Difficulties If Your Personal

question 32

Multiple Choice

You are likely to have financial difficulties if your personal credit obligations exceed ____________ of your take-home pay. ​

• A)15%
• B)20%
• C)10%
• D)3%

Understand and apply fraction multiplication and the reduction of products to lowest terms.

Compute total amounts across various practical contexts (e.g., agricultural plots, travel distances, jewelry making).

Change fractions to higher terms respecting given denominators.

Apply knowledge of fractions to solve real-world problems (e.g., cooking, crafts, construction).

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Definitions:

Rate Of Return

The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.

Compounded Monthly

Interest calculation method where the interest earned is added to the principal each month, resulting in interest on interest.

Monthly Deposits

Regular payments deposited into a financial account or investment plan on a monthly basis, typically to save or earn interest over time.

Investment

The allocation of resources, usually money, to generate income or profit, including purchasing assets or securities.