
Credit Card and Installment Plan Worksheet
Authored by Bryan Rioch
Financial Education
12th Grade

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13 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Olivia has a Visa credit card with a previous balance of $742.60 and an APR of 19%. Using the previous balance method, find: The monthly interest rate.
1.58%
0.95%
2.10%
1.25%
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Olivia has a Visa credit card with a previous balance of $742.60 and an APR of 19%. Using the previous balance method, find: Her interest (finance charge).
$11.75
$14.20
$9.50
$17.25
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Olivia has a Visa credit card with a previous balance of $742.60 and an APR of 19%. Using the previous balance method, find: New account balance.
$854.41
$760.00
$754.36
$770.25
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
$945.40
$1,045.40
$965.55
$1,265.54
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Mr. Carter has a Target credit card that charges 25% APR. If his account balance is $920, what is his finance charge?
$23.00
$19.17
$15.00
$25.50
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
$5,412.48
$6,000.00
$4,800.00
$5445
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
$113.44
$98.45
$125.30
$140.00
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