Credit Card and Installment Plan Worksheet

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%

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

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

• $945.40

• $1,045.40

• $965.55

• $1,265.54

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

• $5,412.48

• $6,000.00

• $4,800.00

• $5445

• $113.44

• $98.45

• $125.30

• $140.00

• $412.48

• $320.15

• $589.90

• $445

• $1,077.20

• $1,005.20

• $1,078.20

• $1,050.00

• $177.20

• $178.20

• $50.00

• $250.00