Credit Percentage Calculator

Formula

To calculate the Credit Percentage:

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

Where:

$CP$ is the Credit Percentage (%)
$RCB$ is the revolving credit balance ($)
$CL$ is the total credit limit ($)

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:

Revolving Credit Balance ($RCB$) = $500
Total Credit Limit ($CL$) = $1000

Using the formula:

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

The Credit Percentage is 50%.

Example Calculation 2

Let's assume the following values:

Revolving Credit Balance ($RCB$) = $200
Total Credit Limit ($CL$) = $800

Using the formula:

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

The Credit Percentage is 25%.