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To find out how much more a household with a credit score of 525 will pay compared to a household with a credit score of 675, follow these steps:
1. Identify the total amount paid by each household.
- Household with credit score of 525 (which falls in the range of 300-579) will pay \[tex]$14,945. - Household with credit score of 675 (which falls in the range of 670-739) will pay \$[/tex]10,554.
2. Calculate the difference in amount paid between these two households.
- Subtract the amount paid by the household with a credit score of 675 from the amount paid by the household with a score of 525:
[tex]\[ \$14,945 - \$10,554 = \$4,391 \][/tex]
Therefore, a household with a credit score of 525 will pay \[tex]$4,391 more compared to a household with a credit score of 675. The correct answer is: \[\$[/tex]4,391\]
1. Identify the total amount paid by each household.
- Household with credit score of 525 (which falls in the range of 300-579) will pay \[tex]$14,945. - Household with credit score of 675 (which falls in the range of 670-739) will pay \$[/tex]10,554.
2. Calculate the difference in amount paid between these two households.
- Subtract the amount paid by the household with a credit score of 675 from the amount paid by the household with a score of 525:
[tex]\[ \$14,945 - \$10,554 = \$4,391 \][/tex]
Therefore, a household with a credit score of 525 will pay \[tex]$4,391 more compared to a household with a credit score of 675. The correct answer is: \[\$[/tex]4,391\]
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