4.Credit Card Interest

Front

What is the interest charge for Vincent's credit card with the following daily balances and an APR of 19.2%?
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 15.4%?

Back

$5.03

Front

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

Back

2.05%

Front

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

Back

$24.03

Front

What is the interest charge based on Mrs. Fagin’s daily balances and an APR of 20.4%?
five days @ $2233.49
three days @ $651.11
nine days @ $991.08
seven days @ $770.00
seven days @ $778.25

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