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5 September, 01:41

Suppose you have two credit cards. The first has a balance of $415 and a credit limit of $1,000. The second has a balance of $215 and a credit limit of $750. What is your overall credit utilization?

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  1. 5 September, 03:26
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    The correct answer is 36%.

    Explanation:

    You have used a total of 415+215=630. You have a total credit limit of 1000+750=1750. This makes your utilization 630/1750=36%.
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