Question

Sally is going furniture shopping using her credit card if her credit card has a limit of 2,000 and she is currently holding a balance of 763 how much can she afford to spend

Answer 1

By subtracting Sally's current credit card balance of $763 from her credit limit of $2,000, we find that she can afford to spend up to $1,237 on furniture.

Step-by-step explanation:

To determine how much Sally can afford to spend on furniture using her credit card, you need to subtract the current balance she is holding on the card from the credit limit of the card. Sally has a limit of $2,000 and a current balance of $763. The amount Sally can spend is calculated as follows: Credit Limit - Current Balance = Available Credit $2,000 - $763 = $1,237. Therefore, Sally can afford to spend up to $1,237 on her credit card for her furniture shopping.

Answer 2

She can spend a maximum of $2763.

Step-by-step explanation:

The credit card works as there can be a negative balance in the card. For example if Sally has a shortage of money and she is in need of some, she can take money from her credit card and then repay it later.

Here Sally already has $763 in her hand and her credit card can have a balance of maximum $2000.

So Sally can spend $763 which she already has in her hand and then spend a maximum of $2000 using her credit card.

So she can spend a maximum of $2673