Worksheets4-4 & 4-5: Credit Cards & Statements
Total questions: 15
Worksheet time: 8mins
You had the below balances on your credit card for the last billing period. Find the average daily balance.
1 Day: $50
2 Days: $75
3 Days: $100
4 Days: $125
5 Days: $150
6 Days: $175
9 Days: 200
$148.38
$148.39
$153.33
$153.34
You had the below balances on your credit card for the last billing period. Find the average daily balance.
9 Days: $750
10 Days: $875
10 Days: $1000
$879.31
$879.32
$850
$822.58
You had the below balances on your credit card for the last billing period. Find the average daily balance.
25 Days: $1039.54
5 Days: $1045.79
1 Day: $1050.88
$1075.62
$1075.61
$1040.92
$1040.91
You had the below balances on your credit card for the last billing period. Find the average daily balance.
14 Days: $9231.48
10 Days: $9537.92
4 Days: $9545.88
$9385.83
$9385.84
$8760.11
$8760.12
You had the below balances on your credit card for the last billing period. Find the average daily balance.
5 Days: $1000
5 Days: $2000
5 Days: $3000
5 Days: $4000
5 Days: $5000
5 Days: $6000
$3500
$3387.09
$3387.10
$3750
You applied for a credit card from a local bank. You were given a card with an APR of 30%. What is your monthly percentage rate?
0.35%
3.5%
0.25%
2.5%
You applied for a credit card from a local bank. You were given a card with an APR of 24%. What is your monthly percentage rate?
1%
2%
3%
4%
You applied for a credit card from a local bank. You were given a card with an APR of 27%. What is your monthly percentage rate?
1.75%
2%
2.25%
2.5%
You applied for a credit card from a local bank. You were given a card with an APR of 19.2%. What is your monthly percentage rate?
1.6%
1.7%
1.8%
1.9%
You applied for a credit card from a local bank. You were given a card with an APR of 13.56%. What is your monthly percentage rate?
1.13%
1.14%
1.15%
1.16%
You applied for a credit card from a local bank. You were given a card with an APR of 16.5%. If you have an average daily balance of $4,500 and had to pay a finance charge, how much would your finance charge be?
$61.87
$61.88
$618.75
$6,187.50
You applied for a credit card from a local bank. You were given a card with an APR of 15.6%. If you have an average daily balance of $3,254 and had to pay a finance charge, how much would your finance charge be?
$4,230.20
$423.02
42.30
$42.31
You applied for a credit card from a local bank. You were given a card with an APR of 8.7%. If you have an average daily balance of $2,220 and had to pay a finance charge, how much would your finance charge be?
$1,609.50
$160.95
$16.10
$16.09
You applied for a credit card from a local bank. You were given a card with an APR of 42.3%. If you have an average daily balance of $100 and had to pay a finance charge, how much would your finance charge be?
$352.50
$25.25
$3.52
$3.53
You applied for a credit card from a local bank. You were given a card with an APR of 99.9%. If you have an average daily balance of $1 and had to pay a finance charge, how much would your finance charge be?
$0.08
$0.09
$0.83
$0.84
