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To determine the additional amount a household with a credit score of 525 will pay compared to a household with a credit score of 675, we first locate the total amounts paid by each household in the table:
- For a household with a FICO score of 525 (which falls in the 300-579 range), the total amount paid is \[tex]$14,945.00. - For a household with a FICO score of 675 (which falls in the 670-739 range), the total amount paid is \$[/tex]10,554.00.
Next, we calculate the difference in the total amounts paid by these two households:
[tex]\[ \$14,945.00 - \$10,554.00 = \$4,391.00 \][/tex]
Thus, a household with a credit score of 525 will pay \[tex]$4,391.00 more compared to a household with a credit score of 675. So the correct answer is \$[/tex]4,391.00.
- For a household with a FICO score of 525 (which falls in the 300-579 range), the total amount paid is \[tex]$14,945.00. - For a household with a FICO score of 675 (which falls in the 670-739 range), the total amount paid is \$[/tex]10,554.00.
Next, we calculate the difference in the total amounts paid by these two households:
[tex]\[ \$14,945.00 - \$10,554.00 = \$4,391.00 \][/tex]
Thus, a household with a credit score of 525 will pay \[tex]$4,391.00 more compared to a household with a credit score of 675. So the correct answer is \$[/tex]4,391.00.
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