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August 30, 2014

Search: How do credit card interest.

Number of results: 7,889

Math
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...
February 18, 2014 by Dan

com155
Having a credit card could get someone into much trouble if it is not used responsibly. I personally have nightmares when it concerns credit cards. I do not like paying interest on something when it is not necessary. I learned how to use credit cards the hard way. I ran up a ...
April 3, 2011 by Joe

Math
The formula for simple interest is where I is the amount you will pay in interest, r is the rate at which interest will accrue, P is the principal (amount borrowed), and m is the number of times the interest is applied. To solve for the interest rate of your credit card, you ...
February 18, 2014 by Dan

Finance
Rick has a credit card that charges 19% interest compounded monthly. What is the true annual rate of interest for Rick's credit card?
April 15, 2013 by Anonymous

Interest
It’s time to go shopping! You grab your Best Purchase credit card, which has an annual interest rate of 18%. The unpaid balance on your card for the current billing cycle is $285.76. On your shopping trip, you purchase four items: a Blu-ray player, two 4-GB flash drives, and a...
May 7, 2013 by Mary

Credit Cards
the credit card company will: -charge interest on remaining bill -send u another bill -ur credit card will be cancelled -add montly fee If u dont pay ur entire balance each month. I chose 1st one, is it correct?
January 18, 2011 by Anonymous

computer programming
Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that you don't pay. So even...
December 18, 2013 by abiola olumide

Computer science
Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that you don't pay. So even...
December 22, 2013 by Owoeye seyifunmi

Probability - PLEASE HELP
From industry statistics, a credit card company knows that 0.8 of its potential card holders are good credit risks, and 0.2 are bad credit risks. The company uses discriminant analysis to screen credit card applicants and determine which ones should receive credit cards. The ...
December 6, 2011 by Anonymous

consumer math
You owe $1,350.00 on a credit card with a 14.25% APR. You pay $300.00 at the beginning of the month. How much interest do you save by paying at the beginning of the month versus at the end of the month? second part: Imagine you put the $300 in a savings account earning 3.0% ...
April 30, 2012 by Hanna

grammar
i am having a hard time figuring out the adverbs and adjectives in my paragraph, can anyone help me with this? A few years ago, I had filled out an application for a credit card from capital one. I was accetped and given a spending limit of 300 dollars. I maxed out that limit ...
June 14, 2011 by jake

Financial services
You want to buy a used all-train vehicle (ATV) that costs $2800.00. You have 1100.00 in savings and can save $200.00 more a month. Your local credit union offers loans at 6.50% per annum over a term of 12 months. You have a bank credit card with an interest rate of 20.00% per ...
April 17, 2014 by Eeyore

finanance
2. You charged $ 1,000 on your credit card for Christmas presents. Your credit card company charges you 16 % annual interest, compounded monthly. If you make the minimum payments of $25 per month, how long will it take [to the nearest month] top pay off your balance?
March 14, 2010 by ananoumous

Math
Determine the total amount of interest you will pay over the next 3 months on a credit balance of $725 if your credit card has an annual interest rate of 18% and you make monthly payments of 10% of the amount due, rounded to the nearest dollar.
May 7, 2012 by Pat

com156
courses per year the total comes to $8,760. With this information financial aid does not begin to cover my tuition for a year. The only other option I have is to apply for a student loan, scholarship, or a credit card. There’s a downside to using a credit card because it is a ...
April 30, 2011 by kim

Statistics
A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new method that involves ...
November 2, 2013 by Penny

Statistics
A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new method that involves ...
October 30, 2013 by Penny

Statistics Help Please
A bank is testing a new method for getting delinquent customers to pay their past-due credit card bills. The standard way was to send a letter (costing about $0.45) asking the customer to pay. That worked 30% of the time. The bank wants to test a new method that involves ...
November 4, 2013 by Penny

comm 155 continued
I following is a paragraph regarding my experience with credit cards. I now need to bold the nouns and pronouns and underline the verbs. I do not know why, but I am having a hard time with this. Any help please. When I was 18, I received my first credit card. When I first ...
December 8, 2010 by Leigh

math
gayle has a credit card with $500 balance on it and a 19% interest rate. If she wants to pay off her card in two years, what will her monthly payments be?
March 31, 2011 by laken

Math11
You want to buy a used all-terrain vehicle (ATV) that costs $2800.00. You Have $1100.00 in savings and can save $200.00 more a month. Your local credit union offers loans at 6.50% per annum over a term of 12 months. You have a bank credit card with an interest rate of 20.00% ...
April 29, 2014 by Jerra

com155
If I could get some help on the adverbs and adjectives in the following paragraph I wrote. I personally did not have any credit cards for a very long time. In the past I have had more then I needed and found them to just cause me problems. I was young and not very aware of the...
August 2, 2011 by writing

Statistics
At 100 college campuses, 1200 full-time undergraduate students were surveyed on their credit card usage. Among juniors, 65% reported that they didn't have a credit card in their own name, and 23% reported that they had at least one credit card in their own name and they paid ...
July 7, 2013 by y912f

Accounting
Hankco accepts all major bank credit cards, including Omni Bank's, which assesses a 3% charge on sales for using its card. On June 28, Hankco had $4,500 in Omni Card credit sales. What entry should Hankco make on June 28 to record the deposit? A. Debit Accounts Receivable $4,...
February 15, 2013 by Please Help!!

Math
The outstanding balance on Bill's credit card account is 3690 dollars. The bank issuing the credit card is charging 21 percent of interest per year compounded monthly. If Bill decides to pay off his balance in equal monthly installments at the end of each month for the next 17...
March 9, 2013 by Lee

math
Steve was charged $60.00 interest for 1 month on a $3,000 credit card balance. What was the monthly interest rate?
May 7, 2008 by Anonymous

math
Stever was charged $60.00 interest for 1 month on a 3,000 credit card balance. What was the monthly interest rate.
March 25, 2010 by willie

Statistics - Help!
I really really need help with this. Can someone please look at it and let me know. At 100 college campuses, 1200 full-time undergraduate students were surveyed on their credit card usage. Among juniors, 65% reported that they didn't have a credit card in their own name, and ...
July 7, 2013 by y912f

math
Phil had an unpaid balance of $1,854.50 on his credit card statement at the beginning of December. He made a payment of $45.00 during the month. If the interest rate on Phil's credit card was 2.5% per month on the unpaid balance, find the finance charge and the new balance on ...
June 9, 2011 by CC

math
Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and the new balance on...
June 9, 2011 by CC

math
Need help with math problem. Tom has an unpaid balance of $2,115.75 on his credit card statement at the beginning of June. He made a payment of $85.00 during the month. If the interest rate on Phil's credit card was 11% per month on the unpaid balance, find the finance charge ...
February 13, 2011 by John

math
Question 12.12. Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and ...
April 20, 2014 by Anonymous

finance
You have credit card debt of $25,000 that has an APR (monthly compounding) of 15%. Each month you pay minimum monthly payment only. You are required to pay only the outstanding interest. You have received an offer in the mail for an otherwise identical credit card with an APR ...
July 12, 2010 by Tara

economics
What are the advantages and disadvantages of using a credit card? The good: Don't need to cary cash. Can buy needed goods on credit when you otherwise wouldn't be able to. The bad: Usually you pay high interest until the balance is zero. Most people are in debt up to their ...
May 31, 2007 by chrissy

Banking
Becky has a balance of $2,000 on her credit card. Her minimum payment is $40 on a card with an APR of 17 percent. How much of that payment will go toward paying the interest?
March 3, 2014 by kim

banking
If 6 percent of all credit card charges never get paid, and total credit card charges last year were $750 billion, what was the total amount of unpaid credit card charges last year?
March 3, 2014 by kim

math
Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and the new balance on...
January 15, 2012 by bean

computer programming
Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that you don't pay. So even...
December 18, 2013 by abiola olumide

Credit Cards
What are some credit card names? Such as Master Card and VISA. I need to know three more. Thanks
June 6, 2010 by Amy~

Writing
Please help.. Did i identify all of the adverbs and adjectives in the following? I personally did not have any credit cards for a very long time. In the past, I have had more then I needed and found them only causing me problems. I was young and not very aware of the ...
August 3, 2011 by Anonymous

Com 155
I following is a paragraph regarding my experience with credit cards. I had to use least five adverbs and five adjectives in my paragraph. I have to bold the adverbs and underline the adjectives, the only problem is I am having a hard time figuring out which are adverbs and ...
December 8, 2010 by Leigh

IT
Write a program that will give the interest rate for a new car loan based on a credit score. Credit score Interest Rate 850-720 5.56% 719-690 6.38% 660 689 7.12% 625-659 9.34% 590-624 12.45% Below 590 no credit issued. Display the user input credit score and the interest rate ...
October 10, 2012 by alhaji

IT
Write a program that will give the interest rate for a new car loan based on a credit score. Credit score Interest Rate 850-720 5.56% 719-690 6.38% 660 689 7.12% 625-659 9.34% 590-624 12.45% Below 590 no credit issued. Display the user input credit score and the interest rate ...
October 10, 2012 by saleh

COM/155
Review pp. 517–520. Describe your experience with credit and credit cards in a brief paragraph using at least five adverbs and five adjectives in your description. Bold the adverbs and underline the adjectives Just wanted to know if this is correct or do I need to revise.... ...
December 15, 2010 by BRANDY

consumer math
1. Which of the following is an advantage of using credit cards? (Points : 1) Credit card accounts charge monthly interest. It is very easy to charge more than you can pay off each month. If you pay late, you will be charged a late fee. They are convenient. 2. The amount left ...
February 19, 2012 by josh patterson

math
If I have a $1000 charge on a credit card charging 1% interest using the adjusted balance method, minimum payment due is $40. How much will you save in interest charges in june by paying $80 instead?
March 7, 2012 by Anonymous

Math
Anne now has a balance of $900 on her credit card, on which 1.5% interest per month is charged. Assume that she makes no further purchases or payments (and that the credit card company doesn't turn her account over to a bill collector). (a) Find the rule of the function g that...
November 6, 2010 by Anonymous

com
Can you please identify the adverbs and adjectives in the following paragraph. Having credit cards could get some people into serious debt. I had a credit card at one time. I learned the hard way about using credit cards. I was using it for anything and everything that I ...
May 30, 2011 by Tina

business math
. Jason’s credit card’s beginning unpaid balance for August is $2,000. During the August billing cycle he made a payment of $200 and used card to purchase $50 worth of grocery. Credit card charges 24% annual percentage rate and uses the unpaid balance method.
April 5, 2011 by kaplan university

statistics
The credit card industry has determined that about 65% of college student ls will be late making a minimum payment when paying their credit card every year atleast once. If 10 randomly selected students who own a credit card is selected what is the mean and standard deviation ...
September 30, 2011 by Monica

ALgebra word problem
monthly credit card interest is charged at a rate of 1.5%. after one month, total purchases plus interest equal $46.69. how much were the purchases?
November 6, 2010 by mike

Credit Cards
the least amount monthly payment on credit card is the smallest amount ull have to pay each month to keep ur card. would this be false?
January 18, 2011 by Anonymous

math 20 (finance)
Can someone walk me through how I would enter this into the calculator TMV solver. Can it be done? Jeremy has a balance owing of $4000 on his credit card. The credit-card company charges 18.0% annual interest, compounded monthly. 1.) If Jeremy makes payments of $300 every ...
October 18, 2010 by Sandi

com155
I recently decided to apply for a credit card. I have absolutly no credit. When I received my new credit card I was extremely excited. I thought I was going to be responsible with my new credit card but I was not. The first thing I did was go to the mall. Just two hours after ...
May 2, 2011 by melissa

math
On a vacation in cananda steve used his credit card to buy a camera for Can $250.00 trinirose: What is the value of the camera in Ja $. a)I know the asnwer is $18,125 Ja dollars b)steve has a credit limit of Ja $30,000.00.After buying the camera,how many Canadian dollars does ...
May 23, 2008 by kelly

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $40. How much will you save in interest charges in June by paying $80 instead?
May 20, 2012 by Mike

math
Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $20. How much will you save in interest charges in June by paying $40 instead?
May 25, 2012 by Anonymous

Algebra
Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $20. How much will you save in interest charges in June by paying $40 instead?
May 28, 2012 by shirley

Please Help
Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $20. How much will you save in interest charges in June by paying $40 instead?
May 28, 2012 by shirley

math
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $40. How much will you save in interest charges in June by paying $80 instead? $ 1
August 13, 2012 by Anonymous

math
Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $30. How much will you save in interest charges in June by paying $60 instead? $ 1
August 20, 2012 by Anonymous

math
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $30. How much will you save in interest charges in June by paying $60 instead?
November 29, 2012 by Anonymous

English
Write several sentences describing a recent interaction with a friend or family member about personal finance or credit cards. · Use at least five different pronouns in your sentences. Please let me know if I have done this correctly. While away at college my daughter received...
October 19, 2010 by Rene

Accounting
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the receipt of interest on the next interest payment date would be: A.Debit: Cash $4,...
June 9, 2013 by Mike

english
My fiancé does not think (he) needs a credit card right now. (We) are already in enough debt. It has actually consumed (our) lives. Although most of the debt (we) have is (his),I have (my) debts too, but (they) are much smaller. (This) is why (he) does not need a credit card ...
October 21, 2010 by Jenn

math
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead?
December 18, 2011 by jim

math
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? $ 1
November 8, 2012 by Anonymous

com155
can you show me if the words in bold are the pronouns in the following sentences and what kind of pronoun they are? My mom and I were discussing her credit card statement over the phone yesterday. She was upset at how high her bill was. She has a 12.5% interest rate on her ...
May 15, 2011 by kat

statistics probablity
Each time that Ed Charges an expense to his credit card, he omits the cents and records only the dollar value. If this month he has charged his credit card 20 times what can be said about the probability that the record shows at least $15 less than the actual amount?
December 16, 2010 by Joe

Pronoun Pratice
I have written a paragraph about credit cards using at least five different pronouns. Could you please look over it and let me know if you see any errors, if my pronoun use is correct and if the sentences are complete. If you have any input about how a sentence can be improved...
July 30, 2011 by Star

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $20. How much will you save in interest charges in June by paying $40 instead? I had $8,234.65
May 27, 2012 by Danny

comp
Can u help me identify in my paragraph all the pronouns used by italicizing them, bold each adverb, and underline each adjective and use parenthesis for at least three comparatives and three superlatives? My friend said that she was never going to get a credit card because she...
May 9, 2011 by needhelp

English
Would this be an effecive thesis statement? Even though some feel as though a student having a credit card can teach financial responsibility, a credit card company should not be allowed to market to students on campus.
July 5, 2011 by Student 155

english
My fiancé does not think he needs a credit card right now. We are already in enough debt. It has actually consumed our lives. Although most of the debt we have is his. I have my debts too, but they are much smaller. This is why he does not need a credit card right now. A ...
October 21, 2010 by Jenn

math
A chartered bank is raising the interest rate on its Visa credit card from 9% to 11%. What will be the percent increase in the interest charges on a given balance? Note: Please make sure your final answer(s) are in percentage form and are accurate to 1 decimal place. For ...
February 14, 2010 by suvi

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.
November 26, 2011 by MONICA

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.
November 26, 2011 by MONICA

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.
November 26, 2011 by MONICA

ALGEBRA
Suppose you have a $1,000 charge on a credit card charging 1% monthly interest using the adjusted balance method. The minimum payment due in May is $50. How much will you save in interest charges in June by paying $100 instead? Steps please.
November 26, 2011 by MONICA

Math
1. Ling has received been approved for a Visa credit card with a $2000 credit limit, however he has not charged that much since opening the account. On April 24, he discovers a monthly statement from March that had accidentally slid down between his desk and the wall. Because ...
August 25, 2011 by Anonymous

math
Mr. Chang and his wife together had an unpaid balance of $500 on their credit cards for one month. THe bank that issued Mr. Chang's credit card charges an intrest rate of 1.25% a month and his wife's interest is 1.5 per month. If the total interest finance charge was $6.75 how...
February 14, 2010 by Mary

business math
1. Ling has received been approved for a Visa credit card with a $2000 credit limit, however he has not charged that much since opening the account. On April 24, he discovers a monthly statement from March that had accidentally slid down between his desk and the wall. Because ...
April 5, 2011 by kaplan university

Marketing
1. Recently American Express, Visa and MasterCard have been pushing hard into the small-ticket end of the credit card market. The purchase of items such as fast food meals, and movie popcorn and candy have been targeted as growth areas for credit card usage. This is an ...
March 12, 2011 by Amari

math
The unpaid balance of Dave's credit card is $295, and the finance charge is 4%; what is the new balance of the credit card including Dave's additional purchase of $75? A) $382.80 B) $381.80 C) $ 306.80 D)$ 370 IS A?THANK YOU:)))
August 23, 2010 by vedrana

Math
In 2001, credit card companies mailed 5 billion credit card applications to 262 million people. On average, how many applications were mailed to each person? Express your answer to the nearest whole application.
November 30, 2009 by Noah

com 155
Write several sentences describing a recent interaction with a friend or family member about personal finance or credit cards. This interaction may be imagined or real. Before going to college my son got (his) first credit card. (He) now has (himself) in a lot of debt. (We) ...
March 21, 2011 by Debbe

Math
You pull into a gas station where the sign says the gas costs $3.679. To fill up your tank you need 20 1/2 gallons of gas. You plan to use your credit card to pay. Rounded to the nearest cent, what will the charge be on your credit card? $75
November 14, 2013 by Alan

math
Suppose you have a $1,000 charge on a credit card charging 1.5% monthly interest using the adjusted balance method. The minimum payment due in May is $30. How much will you save in interest charges in June by paying $60 instead? $ 1 .Viewing Saved Work Revert to Last Response.
August 20, 2012 by Anonymous

accounting
Is the interest on a note receivables recorded if paid prior to the due date? A. Debit to interest expense B. debit to interest payable C. Credit to interest receivable D. Credit interest expense I think it's A since it's before the maturity date.
June 20, 2014 by Deb

math 20
Jeremy has a balance owing of $4000 on his credit card. The credit-card company charges 18.0% annual interest, compounded monthly. 1.) If Jeremy makes payments of $300 every month, how much will he still owe after making 12 payments? 2.)Determine the monthly payment necessary ...
October 17, 2010 by Sandi

MATHS STATISTICS
A. According to an estimate, 50% of the people in the United States have atleast one credit card. If a random sample of 30 persons is selected, what is the probability that 19 of them has atleast one credit card? PLIZ REALLY NEED HELP!! THANKS VERY MUCH..
May 13, 2013 by DON

Accounting
If your credit card company charges you 1% per month on your balance, what effective annual rate of interest is it charging?
April 19, 2011 by Deron

english
2. Recent economic concerns prompted President Obama to meet with credit card industry executives in April, 2009. The national credit card delinquency rate has continued to grow in recent times, and the President, along with Congress, aims to end unfair fees and increases in ...
March 11, 2011 by Anonymous

finance
can someone correct these for me when you have a few minutes i'll appreciate any help thankyou.my answers are in parenthesis thanks again. Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies (debit) b. Repair ...
October 30, 2007 by student acc

MIS
What competitive strategy are the credit card companies pursuing? How do information systems support that strategy? What are the business benefits of analyzing customer purchase data and constructing behavioral profiles? Are these practices by credit card companies ethical? ...
July 16, 2011 by Obma

Comm 155
I need help finding the adverbs and adjectives in this sentence. I think I found some. Please help. As I started building up my credit, I took it slow so that I would not over-extend myself at such a young age. Not long after I got my credit going I received my first credit ...
May 3, 2011 by Bobby

ENGLISH
Please read for errors and correct them. Thank you for your request for a credit card with our store. Before we can issue you a credit card, we must ask you to furnish the information on the enclosed credit application. When we receive it we will process your application as ...
February 24, 2011 by Angel

English Now
Correct any errors found.Thank you! Thank you for your request for a credit card with our store. Before we can issue you a credit card, we must ask you to furnish the information on the enclosed credit application. When we receive it we will process your application as quickly...
February 24, 2011 by angela

MATH
if your credit card balance is $1150, and your APR is 18.75%, and your periodic interest rate is 2.15%: 1. how long to pay off? 2. total paid?
May 31, 2011 by Branson

math
how much interest will you have to pay for a credit card balance of $554 that is 1 month overdue, if a 20% annual rate is charged?
November 25, 2012 by samreen

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