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Worksheets4.Credit Card Interest
Total questions: 10
Worksheet time: 2hrs 16mins
Vincent 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 finance charge. The APR is 19.2%.
nine days @ $778.12
eight days @ $1,876.00
four days @ $2,112.50
ten days @ $1,544.31
What is the interest charge?
(a)
Naoko has these daily balances on his credit card for September’s billing period. He did not pay his balance from the August billing in full. His APR is 15%.
two days @ $99.78
fifteen days @ $315.64
eleven days @ $515.64
two days @ $580.32
What is his interest charge?
(a)
Jake 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 finance charge. The APR is 18.6%.
two days @ $331.98
eleven days @ $1,203.04
four days @ $996.71
thirteen days @ $1,002.76
What is the interest charge?
(a)
The APR on Ramona’s credit card is currently 24.6% . What is her monthly percent? Leave your answer as a percent.
(a)
Sheila’s APR is 30.48% . What is her monthly interest rate? Leave your answer as a percent.
(a)
Mr. 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 finance charge. The APR is 19.8%.
six days @ $341.22
ten days @ $987.45
three days @ $2,122.23
eleven days @ $2,310.10
What is the interest charge?
(a)
Mrs. Fagin’s daily balances for the past billing period are given below. She did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 20.4%.
five days @ $2233.49
three days @ $651.11
nine days @ $991.08
seven days @ $770.00
seven days @ $778.25
What is the interest charge?
(a)
Mary did not pay last month's credit card bill in full. Below is a list of Mary's daily balances for his last billing cycle.
For 6 days she owed $500.00
For 4 days she owed $350.26
For 7 days she owed $568.45
For 8 days she owed $480.34
For 6 days she owed $649.90
What is her average daily balance?
(a)
The finance charge on Lauren’s credit card bill last month was $13.50. Her APR is 18% . What was her average daily balance?
(a)
Nicole has an average daily balance of $4,894 with an APR is 25.6% and a 30 day billing cycle. She had decided to pay her balance in full. What is her interest charge?
(a)
