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Credit Card Debt
Quiz
•
Mathematics
•
10th - 12th Grade
•
Practice Problem
•
Medium
Standards-aligned
Marla Seth
Used 17+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Balance = $2500
Interest Rate = 18.7%
Minimum payment = $45
How long will it take to pay off paying only the minimum amount?
10 years and 10 months
10 years and 4 months
8 years and 3 months
8 years and 6 months
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Balance = $2500
Interest Rate = 18.7%
Minimum payment = $45
If paying only the minimum, how much total interest will be paid?
$2500
$3343.52
$2907.65
$3892.10
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Balance = $2500
Interest Rate = 18.7%
Minimum payment = $45
If paying $115 a month, how long until it is paid off?
2 years and 8 months
4 years and 3 months
2 years and 3 months
4 years and 8 months
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Balance = $2500
Interest Rate = 18.7%
Minimum payment = $45
If paying $115 a month, how much total interest will be paid?
$624.82
$289.54
$832.67
$576.33
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Balance = $2500
Interest Rate = 18.7%
Minimum payment = $45
If paying $115 a month, how much interest will be saved as compared to only paying the minimum payment?
$3343.52
$576.33
$2767.9
$985.77
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Balance = $1542
Interest Rate = 19.1%
What monthly payment is needed to pay it off in 4 years and 6 months?
$55.32
$62.87
$28.46
$42.78
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Balance = $1542
Interest Rate = 19.1%
If paying it off in 4 years and 6 months, how much interest will be paid?
$767.97
$342.45
$564.11
$697.13
Tags
CCSS.7.RP.A.3
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