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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 $215 and a credit limit of $750. What is your overal…

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 $215 and a credit limit of $750. What is your overal…
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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 $215 and a credit limit of $750. What is your overall credit utilization?

User CocoNess
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1 Answer

6 votes
The correct answer is 36%.

Step-by-step explanation:
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%.
User Jwdmsd
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