If your credit limit is $2,000 and you charge $1,500 and pay back $700,what is the maximum amount you can charge?

Name: If your credit limit is $2,000 and you charge $1,500 and pay back $700,what is the maximum amount you can charge?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If you charged $1,500 and paid back $700, then you have a balance of $800 ($1,500 - $700). Since your credit limit is $2,000, you can charge up to $2,000 - $800 = $1,200. Therefore, the maximum amount you can charge is $1,200, which is option D.

If Your Credit Limit Is $2,000 and You Charge $1,500