Use the following credit card statement to answer the following questions:
Question 1
1.
How many purchases were made during the billing cycle?
Question 2
2.
Question 3
3.
Question 4
4.
What is the minimum amount that can be paid?
Question 5
5.
Question 6
6.
Question 7
7.
Question 8
8.
What is the sum of all purchases made during the billing cycle?
$1,227.24
$420.50
$1,517.54
When is the payment for this statement due?
May 30
June 8
Suppose Coach Nevin has a credit card with a line of credit at $4,000. He made the
following purchases: $425.36, $358.33, $377.11, and $90.20. What is
Nev's available credit?
.31275
$1251
$2749
Ms. Deboer had a previous balance of $398.54 and made a $250 payment. The total of her purchases this billing cycle is $1,257.89. What will her New Balance be?
$1906.43
$1406.43
$1656.43
Suppose you have a credit limit of $1500 and you currently have an New Balance of $340. What is your credit utilization?
22.66%
30%
41%
In regards to the above statement, what value should be placed in letter b. ?
