Question

2. Ramiro has accepted three credit card invitations and now has three cards with limits of $7,000, $5,000, and $9,500. He currently has these cards charged up to 75 percent of his limit. How much does he owe?​

Answer 1

Ramiro has three credit cards with limits of $7,000, $5,000, and $9,500, respectively. Assuming he charged each of them up to 75 percent of its limit, the amount he owes on each card is:

Card 1: 75% of $7,000 = $5,250

Card 2: 75% of $5,000 = $3,750

Card 3: 75% of $9,500 = $7,125

To calculate the total amount Ramiro owes, we add up the amounts he owes on each card: $5,250 + $3,750 + $7,125 = $16,125

Therefore, Ramiro currently owes a total of $16,125 on his three credit cards.

Answer 2

Ramiro currently owes $16,125 on his credit cards.

Ramiro has three credit cards with respective limits of $7,000, $5,000, and $9,500. He has utilized 75 percent of each card's limit. To find the total amount he owes, we calculate 75 percent of each credit card limit and sum these values.

For the $7,000 limit card, he owes $7,000 * 0.75 = $5,250.

For the $5,000 limit card, he owes $5,000 * 0.75 = $3,750.

For the $9,500 limit card, he owes $9,500 * 0.75 = $7,125.

Adding these amounts together, Ramiro currently owes a total of $5,250 + $3,750 + $7,125 = $16,125. Therefore, he owes a total of $16,125 on his credit cards.