Credit Cards

Felix was given a card with an APR of 12%. What was his

monthly percentage rate?

Mathematical Equivalence

ON

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

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

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

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