Credits Quiz

The minimum amount you must pay to keep your credit account active.

• Minimum Payment

• Balance

• Finance Charge

• Account Statement

The amount you owe on a credit card.

• Minimum Payment

• Balance

• Finance Charge

• Account Statement

Tags

CCSS.7.RP.A.3

Interest the credit card company charges on any unpaid balances.

• Minimum Payment

• Balance

• Finance Charge

• Account Statement

A monthly report that lists all purchases and transactions in the month.

• Minimum Payment

• Balance

• Finance Charge

• Account Statement

Johnny Lee's credit card account has a previous balance of $1,865.23. This month's statement had a finance charge of $16.79 and new purchases of $132.26, $142.39, and $12.56. Johnny had made a payment of $160.00 and earned a credit of $32.21. What is his new balance?

(a)  

Tags

CCSS.7.NS.A.3

Rolo Stein's charge account statement showed a previous balance of $658.94 and a finance charge of $10.71. His new purchases were of $54.21, $36.28, and $98.56 with credit of $145.81 and payment of $100.00. What is the new balance?

(a)  

Tags

CCSS.7.NS.A.3

Dante Green's charge account statement showed a previous balance of $157.80, a finance charge of $2.76, new purchases of $86.50 and $48.50, a payment of $40.00 and a credit of $37.85. What is the new balance?

(a)  

Tags

CCSS.7.NS.A.3

Sally Mae's credit account statement showed a previous balance of $432.04, a finance charge of $7.43, new purchases of $53.95 and $23.87, a payment of $60.00 and a credit of $31.67. What is the new balance?

(a)  

Tags

CCSS.7.NS.A.3