Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.


2. (04.01 MC)
Gwen owes a total of $3,135.00 on revolving credit accounts that have total limits of $6,740.00. Calculate the amount she needs to pay on her debt to reduce her revolving
credit accounts to reach a 25% debt-to-credit ratio. (1 point)
$1,300.50
$1,450.00
$1,500.00

Sagot :

sqdancefan

Answer:

  (b)  $1450

Step-by-step explanation:

For her debt-to-credit ratio to be 25%, Gwen must reduce her credit accounts balance to 25% of her limits of $6740. That balance will be ...

  0.25 × $6740 = $1685

__

To get her balance down to that amount, she must reduce it by ...

  $3135 -1685 = $1,450.00

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.