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4) If you owe $600 on your credit card and the utilization rate is at 30%, what is your

credit limit?

2 Answers

5 votes

Answer:

20

Explanation:

600/30% makes a decimal so move the point 2 spaces and it is 20

User Milan Chandro
by
7.4k points
2 votes

Answer:

yourcredit limit is 2000$

600$ (600*100)/30=2000$

30% 100%

Explanation:

User Draco Ater
by
7.6k points