average daily balance interest

9th - 12th Grade

•

141 Qs

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average daily balance interest

Quiz

•

Mathematics

•

9th - 12th Grade

•

Hard

•

CCSS

7.RP.A.3

Standards-aligned

Anonymous Anonymous

Used 13+ times

FREE Resource

141 questions

Show all answers

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A client carries an average daily balance of $3648.78 on a card charging 16.74% APR from 03/01/2022 to 04/20/2022. What is the interest on this debt?

83.68

85.45

85.76

83.02

Tags

CCSS.7.RP.A.3

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A client carries an average daily balance of $1227.24 on a card charging 23.25% APR from 03/03/2022 to 06/01/2022. What is the interest on this debt?

70.36

73.1

67.37

69.92

Tags

CCSS.7.RP.A.3

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A client carries an average daily balance of $550.15 on a card charging 11.99% APR from 03/04/2022 to 04/18/2022. What is the interest on this debt?

8.14

6.43

8.58

7.60

Tags

CCSS.7.RP.A.3

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A client carries an average daily balance of $924.73 on a card charging 20% APR from 03/05/2022 to 05/30/2022. What is the interest on this debt?

43.58

41.12

44.98

41.18

Tags

CCSS.7.RP.A.3

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A client carries an average daily balance of $3924.22 on a card charging 11.75% APR from 03/07/2022 to 05/20/2022. What is the interest on this debt?

93.49

94.6

90.66

91.83

Tags

CCSS.7.RP.A.3

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A client carries an average daily balance of $2840.44 on a card charging 6.74% APR from 03/09/2022 to 06/01/2022. What is the interest on this debt?

44.06

44.52

46.34

44.26

Tags

CCSS.7.RP.A.3

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A client carries an average daily balance of $4728.4 on a card charging 23.99% APR from 03/10/2022 to 05/09/2022. What is the interest on this debt?

186.47

189.26

188.76

187.51

Tags

CCSS.7.RP.A.3

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