Mathematics · Logical Reasoning and Word Problems
A credit scoring model assigns points to different attributes as follows: Age (21-30: 50 pts, 31-50: 80 pts), Income ( 50k: 70 pts), Residence (Owned: 100 pts, Rented: 60 pts), and Credit History (> 5 years: 150 pts, < 5 years: 80 pts). A customer is 35 years old, earns 65,000 per month, lives in a rented apartment, and has been using a credit card for 7 years. Calculate the customer's total score and identify which single change in his profile would lead to the maximum possible increase in his score based on these rules.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total Score: 380; Maximum increase by staying in the same job for 10 years.
- 2Total Score: 360; Maximum increase by increasing income to over 1 lakh.
- 3Total Score: 400; Maximum increase by increasing income.
- 4Total Score: 360; Maximum increase by moving to an owned house.✓
Correct answer
Total Score: 360; Maximum increase by moving to an owned house.
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