Question

Sally is going to furniture shopping using her credit card. if her credit card has a limit of $2000 and she is currently holding a balance of $763 how much can she afford to spend on Furniture

Answer 1

Answer:

Sally can afford to spend $763 on the Furniture.

Step-by-step explanation:

Here, the total credit card limit =  $2,000

The current holding balance of card = $763

Now,the current holding balance on the card indicates that the amount still left in the card to spend.

So, here $763 is still left from total $2000 which is still available.

Hence, Sally can afford to spend $763 on the Furniture.