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d1i1m1o1n [39]
3 years ago
15

2.) debt ratio is calculated by____.

Mathematics
2 answers:
Mrac [35]3 years ago
8 0

debt ratio is calculated by adding all that you owe and dividing by your total available credit limit

Nonamiya [84]3 years ago
4 0
2)Since the score is 750, then the annual rate is 9.25% (see the table)
Then monthly rate:9.25/12=0.77%.
Then compute 0.77% from <span> $2,375.00 like this:
</span>0.0077\times2375=\$18.30
Answer: interest to pay: $18.30.

3)Compute monthly rate for first account:
9.75/12=0.81%
Compute 0.81% of  $<span>1,675.00 like this:</span>0.0081\times1675=13.5
Second account:
compute monthly rate: 12.5/12=1.04%.
Then compute 0.0104\times1,675.00=17.4
Conclusion:
Monthly interest is $13.5+$17.4=$30.9 
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