Credit Cards
Quiz
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Medium
Standards-aligned
Mbulwa Musyoki
Used 40+ times
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5 questions
Show all answers
1.
MATH RESPONSE QUESTION
2 mins • 2 pts
Felix was given a card with an APR of 12%. What was his
monthly percentage rate?
Mathematical Equivalence
ON
2.
MATH RESPONSE QUESTION
2 mins • 5 pts
Ms. M had these daily balances on his credit card for his last billing period. She did not pay
the card in full the previous month, so she will have to pay a finance charge. The APR is 19.8%.
six days @ $341.22 ten days @ $987.45
three days @ $2,122.33 eleven days @ $2,310.10. What is the average daily balance?
Mathematical Equivalence
ON
Tags
CCSS.6.NS.B.3
3.
MATH RESPONSE QUESTION
2 mins • 5 pts
Reis had these daily balances on his credit card for his last billing period. He did not pay
the card in full the previous month, so he will have to pay a fi nance charge. The APR is 19.8%.
six days @ $341.22 ten days @ $987.45
three days @ $2,122.33 eleven days @ $2,310.10. Find Reis average daily balance.
Mathematical Equivalence
ON
Tags
CCSS.7.NS.A.3
4.
MATH RESPONSE QUESTION
2 mins • 2 pts
If the APR on a credit card is 22.2%, what is the monthly interest rate?
Mathematical Equivalence
ON
Tags
CCSS.7.RP.A.3
5.
MATH RESPONSE QUESTION
2 mins • 5 pts
What is the monthly payment for a 10-year, $20,000 loan at 4.6% APR? Round to the nearest hundred. (Upload a screenshot of your scientific calculator).
Mathematical Equivalence
ON
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