28 March, 16:02

You have a credit card with an existing balance of $1,569.34, a credit limit of $2,000.00, and an interest rate of 12.5% APR. You pay $150.00 a month. When will the balance be below the target debt ratio to improve your credit score?

A. 2 months

B. 3 months

C. 5 months

D. 4 months

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “You have a credit card with an existing balance of $1,569.34, a credit limit of $2,000.00, and an interest rate of 12.5% APR. You pay ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You have a credit card with an existing balance of $1,569.34, a credit limit of $2,000.00, and an interest rate of 12.5% APR. You pay $150.00 a month. When will the balance be below the target debt ratio to improve your credit score?A. 2 monthsB. 3 monthsC. 5 monthsD. 4 months

You have a credit card with an existing balance of $1,569.34, a credit limit of $2,000.00, and an interest rate of 12.5% APR. You pay $150.00 a month. When will the balance be below the target debt ratio to improve your credit score?

A. 2 months

B. 3 months

C. 5 months

D. 4 months