# A family has a monthly mortgage payment of \$500. Which is 16% of their monthly income. What is their monthly income?

2
by Avrillavigne

2015-10-03T11:48:55+08:00

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Let x = monthly income. \$500 = x (.16) x= (\$500/.16) x = \$3,125 Therefore, their monthly income is \$3,125.
Make the "16%" a decimal: 0.16, then divide 500 by 0.16 which is 3125
Percentage = Rate x Base (P=R x B), so Kallope's equation , \$ 500 = x(.16) is right. We have to show where it all started. From that equation we can derive B= P/R, which is x (B) = \$500/.16. AwesomeHelper, and Joanne (answer below) are correct, too. Smart kids :-)
2015-10-03T16:26:06+08:00

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You will just divide \$500 and 16% so,
500 divided by .16 =\$3 125