Question

Theresa has opened two credit cards in the last year. Use the information on each credit card located in the table below to answer the question.


Account Name Account Number Date Opened Balance Past Due Account Status Credit Limit
Credit Card A xxxx 2/18/11 $5,398.15 $0.00 PAYS AS AGREED $18,000
Credit Card B xxxx 11/14/10 $1,838.38 $0.00 PAYS AS AGREED $3,000


What is Theresa’s overall debt-to-credit ratio?
29.99%

91.27%

34.46%

61.28%

Answer 1

add 5398 + 1838
add 18000 + 3000

then divide

Answer 2

Sooo 34.46%?

Answer 3

that is what I got

Answer 4

Alright, thanks!

Answer 5

yw :)

Answer 6

Tanya has opened two credit cards in the last year. Use the information on each credit card located in the table below to answer the question.


Account Name Account Number Date Opened Balance Past Due Account Status Credit Limit
Credit Card A xxxx 2/18/11 $3,612.35 $0.00 PAYS AS AGREED $12,000
Credit Card B xxxx 11/14/10 $1,258.47 $0.00 PAYS AS AGREED $7,000


What is Tanya’s overall debt-to-credit ratio?
17.98%

25.64%

30.10%

48.08%


Do you do the same thing for this one? Because I am and i keep getting 52.84%

Answer 7

same way

add 3612 + 1258
add 12000 + 7000

then divide

Answer 8

what do you get

Answer 9

OH, I was adding the wrong numbers together, but I got 25.64%, thanks again!

Answer 10

that is what I got as well