Rafael takes home $4200 per month. what is the maximum amount he can

spend each month on loan and credit card payments without being in danger

of credit overload?

A bad debt ratio of more than 10% is considered high and often is a sign that you are in danger of credit overload. So, I'd $420 is the maximum amount he can spend on credit card payments and loan each month.

Step-by-step explanation:

Let's clear this with an example:

Rafael makes $4,200 a month and let's say he spends $550 on credit card payments and $450 on an loans.

Then, the ratio calculation would be $1000 / $4,200 = 0.24

Multiply that by 100 for a debt-income-ratio of 24%.

In this example, Rafael spends almost a quarter of his income on debt which is considered bad debt in economics.

yes

step-by-step explanation:

an

y = 6x -3y -12

y +3y +12 = 6x

=> . x = { 2y / 3 +2 } this is equation of line in terms of x

=> . if line meets the x-axis the co-ordinates of meeting point would be ( x , 0 )

=> . x = 2 ( 0 ) / 3 + 2

=> . x = 2

so, the point is ( 2 , 0 )