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Suppose the credit limit on your credit card is $4,925. What is the largest balance you should carry on this card to maintain an acceptable debt ratio?

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iahcali
The to your question is that’s you should subtract it 3,000 because you would a have 1,925 and I think that’s enough for a ratio
okpalawalter8

He/she should have $1970 to maintain an acceptable debt ratio

Acceptable debt ratio

Question Parameters:

Suppose the credit limit on your credit card is $4,925

Generally,a debt ratio is to be between 0.3 and 0.6.

Therefore taking a debt ratios of 0.4 we have

x=4,925*0.4

x=1970

Therefore, he/she should have $1970 to maintain an acceptable debt ratio

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