Sam is carrying a balance on his credit card of $500. The credit limit on the card is $1,500. What is his utilization rate?

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1 answer:

Crazy boy [7]3 years ago

8 0

Answer:

if he has a balance of $500 and the credit limit on the card is 1500 he has a utilization rate of 33% the reason being that 500 is 1/3 of 1500 or 33%

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