Question

Sally is going furniture shopping using her credit card if her credit card has a limit of 2,000 and she is currently holding a balance of 763 how much can she afford to spend

Answer 1

Answer:

She can spend a maximum of $2763.

Step-by-step explanation:

The credit card works as there can be a negative balance in the card. For example if Sally has a shortage of money and she is in need of some, she can take money from her credit card and then repay it later.

Here Sally already has $763 in her hand and her credit card can have a balance of maximum $2000.

So Sally can spend $763 which she already has in her hand and then spend a maximum of $2000 using her credit card.

So she can spend a maximum of $2673