If your credit limit is $2,500 and you charge $1,500 and pay back $700,what is the maximum amount you can charge?

Name: If your credit limit is $2,500 and you charge $1,500 and pay back $700,what is the maximum amount you can charge?
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

If you charge $1,500 and pay back $700, you will have a remaining balance of $800 ($1,500 - $700 = $800). This $800 will be subtracted from your credit limit, so you will have $2,500 - $800 = $1,700 left to use. Therefore, the maximum amount you can charge is $1,700.

If Your Credit Limit Is $2,500 and You Charge $1,500