FA 3-6 CC Statements

The summary portion of Manny Ramira’s credit card statement is shown. Determine the new

balance amount.

• $2,301.23

• $2,607.79

• $2,821.78

• $2,654.21

Tags

CCSS.7.EE.B.3

Lizzy has a credit line of $9,000 on her credit card. Her summary is shown. What is her available

credit balance?

• $6,688.11

• $6,236.14

• $6,254.19

• $6,458.23

Tags

CCSS.7.NS.A.3

Rich had a previous balance of x dollars and made an on-time credit card payment of y dollars

where y < x. He has a credit line of 10,000 dollars and will have to pay $15.50 in finance charges.

Rich made purchases totaling $1,300.30. Write an algebraic expression that represents his

current available credit.

• 10,000 – (x +y + 1315.80)

• 10,000 – (x – y + 1315.80)

• 10,000 + (x – y + 1315.80)

• 10,000 + (x+y + 1315.80)

Tags

CCSS.HSA-SSE.A.1A

Determine the error that was made using the following summary statement.

• The payment was subtracted rather than added.

• The payment was added rather than subtracted.

Tags

CCSS.7.NS.A.1D

Marianne has a credit card with a line of credit at $15,000. She made the following purchases:

$1,374.90, $266.21, 39.46, and $903.01. What is Marianne’s available credit?

• $12,416.42

• $12,456.36

• $12,635.17

• $12,854.14

Tags

CCSS.6.NS.B.3

Luke has a credit line of $8,500 on his credit card. He had a previous balance of $4,236.87 and

made a $3,200.00 payment. The total of his purchases is $989.42. What is Luke’s available credit?

• $6,345.31

• $6,373.74

• $6,473.71

• $6,967.01

Tags

CCSS.7.NS.A.3

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

• 2.35%

• 2.12%

• 2.25%

• 2.05%

Tags

CCSS.7.RP.A.3

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

• 28.78%

• 28.69%

• 28.45%

• 28.92%

Tags

CCSS.7.RP.A.3

Examine the summary section of a monthly credit card statement. Calculate the new balance.

• $1,245.53

• $1,654.23

• $1,145.57

• $1,258.59

Tags

CCSS.7.EE.B.3

Jack set up a spreadsheet to model his credit card statement. The summary statement

portion of the spreadsheet is shown. Write the formula for available credit that would be entered

in cell J32.

• = I32 + (D32 + E32 + F32 + G32 + H32)

• = I32 – (D32 – E32 + F32 + G32 + H32)

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.EE.A.1

CCSS.7.EE.A.2

CCSS.7.EE.B.4

CCSS.7.NS.A.1