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tikira914 tikira914
  • 01-01-2017
  • Mathematics
Answered

You have a score of 700 but your credit score gets affected by having too much debt and you lose 5% of your credit score. What is your new score?

Verified Answer :

dexteright02
dexteright02 dexteright02
  • 01-01-2017

700*5/100 = 3500/100 = 35

700 - 35 = 665

Answer Link
Porshia
Porshia Porshia
  • 01-01-2017

Do a proportion
5/100= x/700
Cross multiply and divide
700 x 5= 3, 500
3, 500 divided by 100= 35
So 35 is 5% of 700.
To find new score do 700 - 35
Answer is 665

Answer Link

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