4-4 & 4-5: Credit Cards & Statements

You had the below balances on your credit card for the last billing period. Find the average daily balance.

1 Day: $50

2 Days: $75

3 Days: $100

4 Days: $125

5 Days: $150

6 Days: $175

9 Days: 200

• $148.38

• $148.39

• $153.33

• $153.34

You had the below balances on your credit card for the last billing period. Find the average daily balance.

9 Days: $750

10 Days: $875

10 Days: $1000

• $879.31

• $879.32

• $850

• $822.58

You had the below balances on your credit card for the last billing period. Find the average daily balance.

25 Days: $1039.54

5 Days: $1045.79

1 Day: $1050.88

• $1075.62

• $1075.61

• $1040.92

• $1040.91

You had the below balances on your credit card for the last billing period. Find the average daily balance.

14 Days: $9231.48

10 Days: $9537.92

4 Days: $9545.88

• $9385.83

• $9385.84

• $8760.11

• $8760.12

You had the below balances on your credit card for the last billing period. Find the average daily balance.

5 Days: $1000

5 Days: $2000

5 Days: $3000

5 Days: $4000

5 Days: $5000

5 Days: $6000

• $3500

• $3387.09

• $3387.10

• $3750

You applied for a credit card from a local bank. You were given a card with an APR of 30%. What is your monthly percentage rate?

• 0.35%

• 3.5%

• 0.25%

• 2.5%

You applied for a credit card from a local bank. You were given a card with an APR of 24%. What is your monthly percentage rate?

• 1%

• 2%

• 3%

• 4%

You applied for a credit card from a local bank. You were given a card with an APR of 27%. What is your monthly percentage rate?

• 1.75%

• 2%

• 2.25%

• 2.5%

You applied for a credit card from a local bank. You were given a card with an APR of 19.2%. What is your monthly percentage rate?

• 1.6%

• 1.7%

• 1.8%

• 1.9%

You applied for a credit card from a local bank. You were given a card with an APR of 13.56%. What is your monthly percentage rate?

• 1.13%

• 1.14%

• 1.15%

• 1.16%