In 2011, Americans spent an average of 13.6 % of their monthly earnings on mortgage payments, which represented a 41% decrease from the value in 2006 ; what percentage of monthly earning did Americans spend on mortgage payments in 2006?
Let x be the average monthly earnings of an American. Assuming this monthly average is same for the year 2006 and 2011.
The amount spend in 2011,
The amount spend in 2011 is 41 percent less than the amount spend in 2006.
So, the amount spe...
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