Interpreting revolving credit use
A fictional credit card has a $2,000 limit and a reported balance of $500. What is the reported credit utilization for that card?
A
75%
B
500%
C
25%
D
4%
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A fictional credit card has a $2,000 limit and a reported balance of $500. What is the reported credit utilization for that card?
75%
500%
25%
4%
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