4.Credit Card Interest

4.Credit Card Interest

Assessment

Flashcard

Other, Mathematics

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

What is the interest charge for Vincent's credit card with an APR of 19.2% based on the following daily balances? nine days @ $778.12, eight days @ $1,876.00, four days @ $2,112.50, ten days @ $1,544.31

Back

$23.69

2.

FLASHCARD QUESTION

Front

What is Naoko's interest charge for September's billing period given his daily balances and an APR of 15%?

Back

$4.90

3.

FLASHCARD QUESTION

Front

What is the interest charge for Jake's credit card with the following daily balances and an APR of 18.6%?
two days @ $331.98
eleven days @ $1,203.04
four days @ $996.71
thirteen days @ $1,002.76

Back

$15.98

4.

FLASHCARD QUESTION

Front

The APR on Ramona’s credit card is currently 24.6%. What is the monthly periodic rate?

Back

2.05%.

5.

FLASHCARD QUESTION

Front

Sheila’s monthly periodic rate is 2.41%. What is her APR?

Back

28.92, 28.92%

6.

FLASHCARD QUESTION

Front

What is the interest charge for Mr. Reis's credit card with an APR of 19.8% based on the following daily balances? six days @ $341.22, ten days @ $987.45, three days @ $2,122.23, eleven days @ $2,310.10

Back

$24.03

7.

FLASHCARD QUESTION

Front

What is the interest charge for Mrs. Fagin’s daily balances given the APR of 20.4%?

Back

$18.03

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