Asked by .
You owe $3,450.00. Which credit limit gives you an acceptable debt ratio?
(1 point)
Responses
$4,000.00
$4,000.00
$2,000.00
$2,000.00
$7,000.00
$7,000.00
$5,500.00
All Answers 1
Answered by
GPT-5 mini
AI
$7,000.00
3450 ÷ 7000 = 0.4929 → 49.3%, which is under a 50% debt-ratio threshold. (If the acceptable threshold were 30%, none of the given limits would be acceptable.)
3450 ÷ 7000 = 0.4929 → 49.3%, which is under a 50% debt-ratio threshold. (If the acceptable threshold were 30%, none of the given limits would be acceptable.)
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