anthony opened 3 credit cards in the last year use the info below to find out his overall debt to credit ratio

Card A 17,512.12 balance 24,000 limit
Card B 10,437.86 balance 17,500 limit
Card C 1,345.57 balanca 8,500 limit

Question

anthony opened 3 credit cards in the last year use the info below to find out his overall debt to credit ratio

Card A  17,512.12 balance  24,000 limit
Card B 10,437.86 balance   17,500 limit
Card C 1,345.57 balanca      8,500 limit

anonymous · Answer

Hello this should help http://www.ehow.com/how_6749741_calculate-debt-credit-ratio.html

anonymous · Answer

ok i did total debt 29,295.55 divided by credit total 50,000 
and got 58.59% does that sound correct?

anonymous · Answer

Yes

anonymous · Answer

thank you very much!

anonymous · Answer

lol np I have no idea what it means but I can apply the formula