Using credit is one of the most important factors in calculating a credit rating. Credit use is calculated as:
Total Balance/TotalCredit Limit = Credit Use
CreditUse . 100 = %
The lower the percent, the better the credit score. Consider these three credit cards.
Balance Credit Limit
Card A $800 $1000
Card B $2000 $5000
Card C $3000 $10,000
Total $5800 $16, 000
The overall credit use is 36.25%. Card A is 80%. How much would the credit use percentage be if Card A had a zero- balance? Round to the nearest hundredth.
O 30%
O 37.42% .
O 34.84%
O 33.75%
