Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You currently have a credit card with a balance of $ 4 5 0 . If you have a credit limit of $ 2 ,

You currently have a credit card with a balance of $450. If you have a credit limit of $2,000, what is your credit utilization rate?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations In Personal Finance

Authors: Dave Ramsey

College Edition

1936948001, 978-1936948000

More Books

Students also viewed these Finance questions

Question

A student incorrectly evaluated [3.75] as 4. Evaluate correctly.

Answered: 1 week ago

Question

What is ethnocentric bias?

Answered: 1 week ago