Suppose you have two credit cards. The first has a balance of $415 and a credit limit of $1,000. The second has a balance of $21

Question

mamaluj [8]

3 years ago

8

Suppose you have two credit cards. The first has a balance of $415 and a credit limit of $1,000. The second has a balance of $21

5 and a credit limit of $750. What is your overall credit utilization?

Mathematics

1 answer:

sukhopar [10] · Answer 1 · 2022-03-16T01:23:34+03:00

sukhopar [10]3 years ago

3 0

<span>The correct answer is 36%.

Explanation<span>:
You have used a total of 415+215=630. You have a total credit limit of 1000+750=1750. This makes your utilization 630/1750=36%.</span></span>