# 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 when you subtract last month's payment from last month's balance on a credit card statement is the (Points : 1)
APR.
unpaid balance.
new balance.
minimum payment.

3. The percentage charged each month on purchases charged to the credit card account is called the (Points : 1)
periodic rate
new balance
unpaid balance
minimum payment

4. Use this information for questions 4-6.
On Kathleen's credit card statement, her last balance was \$89.70. She made a payment of \$20, had new charges totalling \$32.11, and pays a periodic rate of 1.23 percent. What is her unpaid balance?

(Points : 1)
\$102.91
\$77.59
\$101.81
\$69.70

5. What was Kathleen's finance charge? (Points : 1)
\$1.10
\$0.86
\$1.25
\$1.23

6. What is Kathleen's new balance? (Points : 1)
\$102.67
\$122.67
\$82.67
\$92.67

7. Jack's credit card statement showed these items:
Last Balance Payments Finance Rate New Charges
\$95.85 \$45.00 1.5% \$345.90

What is Jack's new balance? (Points : 1)
\$494.05
\$402.70
\$397.51
\$448.38

1. 👍
2. 👎
3. 👁

1. 👍
2. 👎
👤
Ms. Sue
2. this is a 50 question exam! he is not cheating!

1. 👍
2. 👎
3. 1: They're Convenient
2: Unpaid Balance
3: Periodic Rate
4: \$69.70
5: \$0.86
6: \$102.67
7: \$397.51
8: \$2.96
9: \$51.83
10: \$25

(I hate K12 quizzes, but I hope this helps someone!)

1. 👍
2. 👎

## Similar Questions

1. ### ststistics

24% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number of college

2. ### Social Studies Business

1. If a consumer makes monthly payments of \$250 to pay off a car loan, what type of credit is she using? A) Non-Revolving B) Revolving C) Short Term D) Unsecured 2. Caitlin wants to buy an airline ticket, but she's uncomfortable

3. ### History plz check

Caitlin wants to buy an airline ticket. but she's uncomforable taking that much cash to the counter at the airport. instead, she uses her credit card. Which advantage of credit is being demonstrated here A. emergencies B. building

4. ### comp

To acquire your credit report you can request a free copy from one of three credit bureaus Experian, Equifax, or Transunion. These companies can be contacted by U.S. mail, phone or through their websites. When reviewing your

1. ### 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

2. ### English

I had to rewrite sentences so that there were no longer fragments are they correct? 1. The idea of a credit card first appeared in 1887, according to Lawrence M. Ausbel, author of “Credit Cards,” in the McGraw- Hill

3. ### Math

37% of college students say they use credit cards because of the rewards program. You randomly select 10 college kids and ask each to name the reason he or she uses credit cards. Find the probability that the number of college

4. ### 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.

1. ### COM/155 English

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. What is the most effective way to

2. ### comm 155

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. What is the most effective way to

3. ### Comm/155

I need to know if these are correct I have Bolded the adverbs and underlined the adjectives. I have had both good and bad experiences when dealing with credit cards. My credit went from good to better and eventually to what I

4. ### Comm/155

I am trying to write a brief paragraph using five adverbs and five adjectives in describing my experience with credit and credit cards?