Question

Elijah currently I was a total of $1,845.00 on his revolving credit accounts. What is Elijah's debt-to-card ratio is the total of his revolving credit limits is $4,500.00? Round the final answer to the nearest whole percent. 24% 31% 41% 50%

Answer 1

Hey! We can solve this exercise using Rule of Three, look:

$\frac{1,845}{4,500}=\frac{x}{100}$

Multiplying across, we obtain:

$\begin{gathered} 4,500\cdot x=1,845\cdot100 \\ 4,500x=184,500 \\ x=\frac{184,500}{4,500} \\ \\ x=41\text{ per cent} \end{gathered}$

So, the answer will be 41%.