Credit Card Statement Worksheet
Authored by Carrie Soellner
Mathematics
12th Grade
CCSS covered
Used 140+ times
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About
This quiz focuses on financial literacy, specifically credit card statement interpretation and analysis, making it perfectly suited for grade 12 students who are preparing to enter the adult world of personal finance management. The questions systematically guide students through reading and understanding the various components of a credit card statement, including current balance, charges, payments, fees, interest rates, credit limits, and available credit. Students must demonstrate their ability to locate specific information on financial documents, understand the relationship between credit limits and available credit, interpret APR percentages, and recognize the consequences of minimum payments versus full payments. The final question requires higher-order thinking as students must analyze the long-term impact of making only minimum payments, connecting mathematical concepts to real-world financial consequences. Created by Carrie Soellner, a Mathematics teacher in US who teaches grade 12. This worksheet serves as an excellent tool for introducing students to practical financial literacy skills they will need immediately upon graduation. The quiz works perfectly as a formative assessment following a lesson on credit card basics, allowing teachers to gauge student comprehension of essential financial concepts before moving to more complex topics like debt management strategies or investment planning. It can be effectively used as a warm-up activity to review previous learning, assigned as homework to reinforce classroom instruction, or implemented as guided practice during computer lab sessions where students can examine actual credit card statements. This assessment aligns with standards such as A-CED.3 for representing constraints in financial situations and A-REI.3 for solving linear equations in financial contexts, while also supporting mathematical practices that emphasize modeling with mathematics in real-world scenarios.
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Student View
12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. What is the current balance that John Doe owes?
$1,270.54
$1,000.00
$3,729.46
$25.00
Tags
CCSS.7.NS.A.1C
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. What is the total amount that John charged to his credit card this billing cycle?
$500
$725
$35
$1,270.54
Tags
CCSS.6.NS.B.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. How much did John pay for his last payment?
$25
$1270.54
$500
$10.54
Tags
CCSS.5.NBT.B.7
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Why was John charged $35 by the credit card company?
Interest charged
He had a cash advance
They don't like him
He made a late payment
Tags
CCSS.6.NS.C.7C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. How much interest was John charged for this month?
$10.54
$25.00
$35.00
$500
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. What is the credit limit that John has for this credit card?
$1,000
$5,000
$1,270.54
$3,729.46
Tags
CCSS.7.EE.B.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. What is John’s available credit?
$3,729.46
$5,000
$1,270.54
$1,000
Tags
CCSS.6.RP.A.3D
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