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Multiple choice question) Suppose the credit limit on your credit card is $4,925. What is the largest balance you should carry on this card to maintain an acceptable debt ratio?…

Multiple choice question) Suppose the credit limit on your credit card is $4,925. What is the largest balance you should carry on this card to maintain an acceptable debt ratio?…
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11 votes
Multiple choice question) Suppose the credit limit on your credit card is $4,925. What is the largest balance you should carry on this card to maintain an acceptable debt ratio? 43% Is the debt ratio

A. $2,807.25

B. $2,462.50

C.$2,177.75

User Paulo Belo
by
7.5k points

1 Answer

11 votes

Answer:

The answer is C

Explanation:

4,925 x 0.43 = 2,117.75

User James Paolantonio
by
8.3k points
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