Math Models B Credit Card Calculations

What is the monthly percentage rate on Erin's credit card if the annual percentage rate is 22.1%?

• 1.84%

• 2.21%

• 18.42%

• 0.184%

Tags

CCSS.7.RP.A.3

What is the average daily balance of Joana's credit card account for last month if the balance was $2,000 for 9 days, $1,750 for 10 days, $1,550 for 4 days, and $900 for 7 days?

• $1,550

• $1,500

• $1,650

• $1,700

What is the finance charge shown on Miranda's credit card bill for the month?

• $6,530.23

• $92.20

• $92.30

• $6,438.03

Tags

CCSS.7.RP.A.3

What is the new balance on Miranda's credit card bill?

• $6,530.23

• $92.20

• $6,622.43

• $438.03

Tags

CCSS.6.NS.B.3

What is a credit score?

• A numerical expression based on a level analysis of a person's credit files

• A score used to measure a person's physical fitness level

• A score that represents a person's social media influence

• A score that measures a person's academic performance

What impacts your credit score?

• Your social media activity

• The consistency of your exercise routine

• Your payment history and credit utilization

• Your dietary choices

What determines how much your credit score goes up or down?

• The number of video games you play

• The frequency of your international travel

• Factors such as payment history, amounts owed, and length of credit history

• Your choice of clothing brands

How does your credit score impact your credit card interest and finance charges?

• It has no impact on interest and finance charges

• It affects the quality of customer service you receive

• It determines the interest rate and finance charges you pay on your credit card

• It influences the color of your credit card