Credit Cards Test (A)

What is the average daily balance?

• 144.64

• 164.44

• 146.44

• 104.64

Tags

CCSS.7.NS.A.3

What is the finance charge?

• 2.01

• 3.01

• 4.01

• 5.01

Tags

CCSS.7.RP.A.3

What is the new balance?

• 105.60

• 106.50

• 165.50

• 155.60

Tags

CCSS.7.EE.B.3

What is the average daily balance?

• 1414.60

• 1441.60

• 1144.06

• 1604.41

Tags

CCSS.7.NS.A.3

What is the periodic rate?

• 2.55

• 3.67

• 2.41

• 3.21

Tags

CCSS.7.RP.A.3

What is the average daily balance? For billing period, use dates 7/22 to 8/21

• 2564.20

• 2654.02

• 2465.20

• 2449.02

What is the finance charge? Use dates 7/22 to 8/21

• 25.60

• 56.20

• 26.50

• 62.05

Tags

CCSS.7.RP.A.3

Vincent had these daily balances on his credit card for his last billing period. He did not pay the full amount the previous month, so he will have to pay a finance charge. The APR is 19.2%

Nine days @ $778.12

Eight days @ $1,876.00

Four days @ $2,112.50

Ten days @ $1,544.31

What is his average daily balance?

• 1478.80

• 1048.78

• 1840.87

• 1480.78

Tags

CCSS.7.NS.A.3

Jason lost his credit card. He notified his creditor before the card was used. However, late in the day, someone charged $700 worth of clothing on it. How much is Jason liable for?

• 50.00

• 0

Tags

CCSS.7.NS.A.1D

Stacey had her card stolen, but did not realize it until 3 days later. She notified her credit card company, but someone had charge $2,000 on her card. How much is Stacey liable for?

• 50.00

• 0

Tags

CCSS.7.EE.B.3