Credit Percentage Calculator

Calculate Credit Percentage



Formula

To calculate the Credit Percentage:

\[ CP = \frac{RCB}{CL} \times 100 \]

Where:

Credit Percentage Definition

The Credit Percentage is calculated by dividing the revolving credit balance by the total credit limit, then multiplying the result by 100. It indicates how much of the available credit is being used and is expressed as a percentage.

Example Calculation 1

Let's assume the following values:

Using the formula:

\[ CP = \frac{500}{1000} \times 100 = 50\% \]

The Credit Percentage is 50%.

Example Calculation 2

Let's assume the following values:

Using the formula:

\[ CP = \frac{200}{800} \times 100 = 25\% \]

The Credit Percentage is 25%.