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You have four credit cards. each has a balance of $950.00, but their credit limits are $1,200.00, $2,200.00, $2,400.00, and $3,000.00. Paying off and closing which card would decrease your debt ratio?

A) $3,000.00 limit
B) $2,400.00 limit
C) $2,200.00 limit
D) $1,200.00 limit

Respuesta :

vicobusso

Answer:

D) $1,200.00 limit

Step-by-step explanation:

You want to know about the ratio of each credit card.

And to reduce you need to think about which usage percent represents with that $950.

$1,200.00, $2,200.00, $2,400.00, and $3,000.00 are all.

$950 is 79.16% in $1200, 43.18% in $2200, 39.58% in $2400, and 31.66% in $3000

You need to close the $1200 credit card to decrease your ratio.

swiftyice

Answer:

1200 is tha answer

Step-by-step explanation:

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