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Your credit limit is $500. You don't pay your card off each month like you should. What is the max you should ever owe on this card?

Your credit limit is $500. You don't pay your card off each month like you should. What is the max you should ever owe on this card?
asked 63.8k views
1 vote
Your credit limit is $500.

You don't pay your card off each month like you should.
What is the max you should ever owe on this card?

asked
User NewNewton
by
7.9k points

2 Answers

3 votes
$25 should be your limit
answered
User Smigfu
by
7.5k points
2 votes

Answer:

$25

Step-by-step explanation:

$500×(5/100) = $25

answered
User Raunak Gupta
by
7.9k points
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