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CHAPTER 4 Ratio, Proportion, and Percent

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When you apply for a mortgage, the loan officer will compare your total debt to your total income to decide if you qualify for the loan. This comparison is called the debt-to-income ratio. A ratio compares two quantities that are measured with the same unit. If we compare a and b, the ratio is written as a\phantom{\rule{0.2em}{0ex}}\text{to}\phantom{\rule{0.2em}{0ex}}b,\phantom{\rule{0.2em}{0ex}}\frac{a}{b},\phantom{\rule{0.2em}{0ex}}\text{or}\phantom{\rule{0.2em}{0ex}}\mathit{\text{a}}\text{:}\mathit{\text{b}}\text{.}

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Introductory Algebra Copyright © 2021 by Izabela Mazur is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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