INCORRECT!
Oops! You can do it!
“A penny saved is a penny earned.”
Need A Hint?
Add balances and add limits, then divide: total balances ÷ total credit limit → overall utilization (2400/6000 = 40%).
Did You Also Know...
By Quiz Coins
Some loan products can negatively amortize, meaning the outstanding balance grows if payments don’t cover the accruing interest.