QUESTION IMAGE
Question
heres a quick question: this time, you tell me the max amount you should owe on this card! your credit limit is $1,000. what is the max you should ever owe on this card? $ your credit limit is $2,500. what is the max you should ever owe on this card? $
Step1: Identify credit - limit concept
The maximum amount owed on a credit card is equal to the credit limit.
Step2: First credit - limit case
For a credit limit of $1000, the max amount owed is $1000.
Step3: Second credit - limit case
For a credit limit of $2500, the max amount owed is $2500.
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$1000
$2500