Unit 4: Lesson 3 Homework

Unit 4: Lesson 3 Homework

9th - 12th Grade

17 Qs

quiz-placeholder

Similar activities

Economic System

Economic System

10th Grade

20 Qs

Finance For Busines - Part 2 - Break Even

Finance For Busines - Part 2 - Break Even

9th Grade

13 Qs

PHB PKWU 12 IPS - PROMOSI-KONSINYASI

PHB PKWU 12 IPS - PROMOSI-KONSINYASI

12th Grade

20 Qs

Business English Units 1-2 Vocabulary

Business English Units 1-2 Vocabulary

11th Grade - Professional Development

20 Qs

Non Trading Concerns:

Non Trading Concerns:

12th Grade

13 Qs

วาเลนไทน์สดใส ลูก พ.น ห่างไกลโควิท 19

วาเลนไทน์สดใส ลูก พ.น ห่างไกลโควิท 19

6th - 12th Grade

20 Qs

Management

Management

9th - 12th Grade

13 Qs

Unit 4: Lesson 3 Homework

Unit 4: Lesson 3 Homework

Assessment

Quiz

Life Skills, Business

9th - 12th Grade

Practice Problem

Medium

CCSS
7.RP.A.3, L.11-12.4C, L.6.4C

+3

Standards-aligned

Created by

Jude Platukis

Used 33+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is an annual fee? 

The act of transferring money 
A fee charged by a card issuer for being a card holder. 
The days between the last statement and the current statement. 
A fee charged to a cardholder's account once a payment is late. 

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a finance charge?

The amount of interest charged to an account for the billing cycle. 
A fixed annual percentage rate of the finance charge.
A charge from the bank for getting a credit card. 
None of the above. 

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Annual Percentage Rate (APR) is the yearly percentage rate of the finance charge. 

True
False 

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The act of transferring debt from one credit card account to another.

Annual Transfers

Balance Transfers

Penalty APR

Variable-Rate APR

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

If someone had a balance on their credit card of $327, and an APR of 24%, how much would they pay for the finance charge? Assume a 30 day billing cycle, using the daily rate.

$10.55

$2.75

$196.20

$6.45

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If I have an 18% APR, what is my monthly INTEREST RATE?

1.5%
12%
18%
2.5%

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

If I have an 24% APR, what is my DAILY INTEREST RATE?

0.0007

1.1585

0.1800

0.02

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?