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Credit Cards/Finance Charge

Authored by Jammilex Cabrera

Mathematics

9th Grade

CCSS covered

Used 34+ times

Credit Cards/Finance Charge
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What word is used to describe interest you pay?

Finance Charge

Finances

Owe

Balance Charge

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a customer pays for part of the selling price at the time of purchase we call that _________.

Borrowing Money

Down Payment

Initial Start

Partial Payment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the correct linear equation for the following information:

Down payment = $50

Monthly Payment = $20 every 1 month

y = 50x + 20

y = 20x + 50

y = 70x

y = 30x

Tags

CCSS.8.F.B.4

CCSS.HSF.LE.A.2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the correct linear equation for the following information:

Monthly Payment = $57.25 every 1 month

Down payment = $100

y = 58x + 100

y = 57x + 100

y = 57.25x + 100

y = 100x + 57.25

Tags

CCSS.8.F.B.4

CCSS.HSF.LE.A.2

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Calculate the sum of the monthly payments:

Monthly payment = $20 every month

Time = 24 months

$480

$48

$240

$400

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Calculate the sum of the monthly payments:

Monthly payment = $43 every month

Time = 12 months

$500

$483

$430

$516

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Calculate 15% of $450.

$67.00

$30

$67.50

$6,750

Tags

CCSS.6.RP.A.3C

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