Question

Elijah currently I was a total of $1,845.00 on his revolving credit accounts. What is Elijah's debt-to-card ratio is the total of his revolving credit limits is $4,500.00? Round the final answer to the nearest whole percent. 24% 31% 41% 50%

Answer 1

Hey! We can solve this exercise using Rule of Three, look:

`(1,845)/(4,500)=(x)/(100)`

Multiplying across, we obtain:

`\begin{gathered} 4,500\cdot x=1,845\cdot100 \\ 4,500x=184,500 \\ x=(184,500)/(4,500) \\ \\ x=41\text{ per cent} \end{gathered}`

So, the answer will be 41%.