4.Credit Card Interest

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

Front

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

Back

$4.90

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

Front

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

Back

2.05%.

Front

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

Back

28.92, 28.92%

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

Front

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

Back

$18.03

Front

What is Mary's average daily balance based on her daily balances for the last billing cycle? For 6 days she owed $500.00, for 4 days she owed $350.26, for 7 days she owed $568.45, for 8 days she owed $480.34, and for 6 days she owed $649.90.

Back

$520.07

Front

What was Lauren’s average daily balance if the finance charge on her credit card bill last month was $13.50 and her APR is 18%?

Back

$900

Front

Nicole has an average daily balance of $4,894 and her interest rate is 25.6%. She had decided to pay her balance in full. What is her interest charge?

Back

$0, 0, $0.00, 0.00