Maths
Problem Set 1 Part 3
Do the problem corresponding to your assigned number.
Section 7-5 of the text will have helpful information
1) A credit card statement showed these transactions during October. October 1 Previous balance $238.30 October 2 Purchases $62.17 October 30 Payment $185.00
The credit card has an interest rate of 6% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
1)
2) A credit card statement showed these transactions during October. October 1 Previous balance $257.28 October 12 Purchases $79.55 October 29 Payment $55.00
The credit card has an interest rate of 4.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
2)
3) A credit card statement showed these transactions during October. October 1 Previous balance $413.98 October 15 Purchases $81.45 October 25 Payment $50.00
The credit card has an interest rate of 4% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
3)
4) A credit card statement showed these transactions during October. October 1 Previous balance $348.34 October 2 Purchases $71.04 October 29 Payment $165.00
The credit card has an interest rate of 13% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
4)
5) A credit card statement showed these transactions during October. October 1 Previous balance $221.34 October 4 Purchases $27.98 October 18 Payment $120.00
The credit card has an interest rate of 19% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
5)
1
6) A credit card statement showed these transactions during October. October 1 Previous balance $422.06 October 6 Purchases $51.31 October 16 Payment $190.00
The credit card has an interest rate of 13.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
6)
7) A credit card statement showed these transactions during October. October 1 Previous balance $332.06 October 7 Purchases $86.98 October 16 Payment $150.00
The credit card has an interest rate of 11.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
7)
8) A credit card statement showed these transactions during October. October 1 Previous balance $292.47 October 8 Purchases $62.17 October 26 Payment $185.00
The credit card has an interest rate of 4.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
8)
9) A credit card statement showed these transactions during October. October 1 Previous balance $116.12 October 11 Purchases $84.85 October 22 Payment $95.00
The credit card has an interest rate of 2.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
9)
10) A credit card statement showed these transactions during October. October 1 Previous balance $320.32 October 2 Purchases $48.67 October 19 Payment $170.00
The credit card has an interest rate of 17.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
10)
2
11) A credit card statement showed these transactions during October. October 1 Previous balance $342.73 October 15 Purchases $60.13 October 19 Payment $155.00
The credit card has an interest rate of 17.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
11)
12) A credit card statement showed these transactions during October. October 1 Previous balance $494.07 October 13 Purchases $22.69 October 20 Payment $80.00
The credit card has an interest rate of 4.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
12)
13) A credit card statement showed these transactions during October. October 1 Previous balance $141.74 October 5 Purchases $69.22 October 22 Payment $190.00
The credit card has an interest rate of 2.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
13)
14) A credit card statement showed these transactions during October. October 1 Previous balance $364.12 October 4 Purchases $23.00 October 17 Payment $155.00
The credit card has an interest rate of 11.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
14)
15) A credit card statement showed these transactions during October. October 1 Previous balance $303.23 October 3 Purchases $79.64 October 26 Payment $75.00
The credit card has an interest rate of 11% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
15)
3
16) A credit card statement showed these transactions during October. October 1 Previous balance $209.87 October 9 Purchases $20.26 October 29 Payment $110.00
The credit card has an interest rate of 8% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
16)
17) A credit card statement showed these transactions during October. October 1 Previous balance $415.47 October 7 Purchases $96.42 October 16 Payment $110.00
The credit card has an interest rate of 12.5% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
17)
18) A credit card statement showed these transactions during October. October 1 Previous balance $458.83 October 6 Purchases $85.63 October 17 Payment $130.00
The credit card has an interest rate of 4% on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on November 1. [Hint: Remember that October has 31 days.]
18)
19) Ellen has maxed out her credit card at $11,500 and vows not to make any other credit card purchases. Her credit card company charges 1.23% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
19)
20) Ellen has maxed out her credit card at $12,500 and vows not to make any other credit card purchases. Her credit card company charges 1.23% interest per month, and the minimum monthly payment is all interest due plus 2% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
20)
21) Ellen has maxed out her credit card at $13,500 and vows not to make any other credit card purchases. Her credit card company charges 1.21% interest per month, and the minimum monthly payment is all interest due plus 3% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
21)
4
22) Ellen has maxed out her credit card at $12,500 and vows not to make any other credit card purchases. Her credit card company charges 1.25% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
22)
23) Ellen has maxed out her credit card at $13,500 and vows not to make any other credit card purchases. Her credit card company charges 1.24% interest per month, and the minimum monthly payment is all interest due plus 3% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
23)
24) Ellen has maxed out her credit card at $12,500 and vows not to make any other credit card purchases. Her credit card company charges 1.24% interest per month, and the minimum monthly payment is all interest due plus 2% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
24)
25) Ellen has maxed out her credit card at $14,500 and vows not to make any other credit card purchases. Her credit card company charges 1.25% interest per month, and the minimum monthly payment is all interest due plus 3% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
25)
26) Ellen has maxed out her credit card at $14,500 and vows not to make any other credit card purchases. Her credit card company charges 1.24% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
26)
27) Ellen has maxed out her credit card at $13,500 and vows not to make any other credit card purchases. Her credit card company charges 1.26% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
27)
28) Ellen has maxed out her credit card at $13,500 and vows not to make any other credit card purchases. Her credit card company charges 1.21% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
28)
5
29) Ellen has maxed out her credit card at $14,500 and vows not to make any other credit card purchases. Her credit card company charges 1.22% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
29)
30) Ellen has maxed out her credit card at $11,500 and vows not to make any other credit card purchases. Her credit card company charges 1.25% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
30)
31) Ellen has maxed out her credit card at $11,500 and vows not to make any other credit card purchases. Her credit card company charges 1.21% interest per month, and the minimum monthly payment is all interest due plus 3% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
31)
32) Ellen has maxed out her credit card at $11,500 and vows not to make any other credit card purchases. Her credit card company charges 1.24% interest per month, and the minimum monthly payment is all interest due plus 3% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
32)
33) Ellen has maxed out her credit card at $14,500 and vows not to make any other credit card purchases. Her credit card company charges 1.24% interest per month, and the minimum monthly payment is all interest due plus 3% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
33)
34) Ellen has maxed out her credit card at $12,500 and vows not to make any other credit card purchases. Her credit card company charges 1.23% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
34)
35) Ellen has maxed out her credit card at $12,500 and vows not to make any other credit card purchases. Her credit card company charges 1.22% interest per month, and the minimum monthly payment is all interest due plus 2% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
35)
6
36) Ellen has maxed out her credit card at $11,500 and vows not to make any other credit card purchases. Her credit card company charges 1.22% interest per month, and the minimum monthly payment is all interest due plus 4% of the principal balance. How much of the balance can Ellen pay down if she pays the minimum payment only for 4 months?
36)
7
8