4.4-4.5B Credit Cards and Statements Worksheet

1) The summary portion of Manny Ramira’s credit card statement is shown.

a. Determine the new balance amount.

• $2,608.18

• $6391.82

• $3,246.29

• $5,934.12

1) The summary portion of Manny Ramira’s credit card statement is shown.

b. Manny has a credit line of $9,000 on his card. Find his available credit.

• $2,608.18

• $6391.82

• $3,246.29

• $5,934.12

2) The summary portion of Kyle’s credit card statement is shown.

a. Determine the new balance amount.

• $57.28

• $1,262.41

• $1,145.57

• $62.05

2) The summary portion of Kyle’s credit card statement is shown.

b. The minimum payment is based on 5% of the new balance. Calculate the minimum payment.

• $57.28

• $1,262.41

• $1,145.57

• $62.05

3) Complete the credit card statement. Every cell should be filled in. The minimum payment is 3% of the new balance.

What goes in the Payments/Credits box?

• $143.23

• $336.33

• $15.07

• $700.93

3) Complete the credit card statement. Every cell should be filled in. The minimum payment is 3% of the new balance.

What goes in the New Purchases box?

• $143.23

• $336.33

• $15.07

• $700.93

3) Complete the credit card statement. Every cell should be filled in. The minimum payment is 3% of the new balance.

What goes in the Finance charges box?

• $143.23

• $336.33

• $15.07

• $700.93

3) Complete the credit card statement. Every cell should be filled in. The minimum payment is 3% of the new balance.

What goes in the New Balance box?

• $143.23

• $336.33

• $15.07

• $700.93

3) Complete the credit card statement. Every cell should be filled in. The minimum payment is 3% of the new balance.

What goes in the Minimum Payment box?

• $21.03

• $700.93

• $15.70

• $700.93

3) Complete the credit card statement. Every cell should be filled in. The minimum payment is 3% of the new balance.

What goes in the Total Available Credit box?

• $6,912.31

• $7,299.07

• $2,115.70

• $1,700.93