Sample Credit Card Statement
You will need to use the following Sample Credit Card Statement to answer the following questions:
Questions and Answers
- 1.
The date of the statement is: _________ (Answer Format: 00/00/00)
Explanation
The given answer, 02/13/09 and 2/13/09, represents the date of the statement. The format of the date is month/day/year, and it indicates that the statement was made on February 13, 2009.Rate this question:
- 2.
What is the Annual Percentage Rate (APR) for purchases? ________%
Explanation
The Annual Percentage Rate (APR) for purchases is 19.80%. This means that for every $100 spent on purchases, an additional $19.80 will be charged as interest over the course of a year. The answer provided, 19.80, 19.80%, confirms that the APR for purchases is indeed 19.80%.Rate this question:
- 3.
What is the new balance? $_________
Explanation
The new balance is $125.24.Rate this question:
- 4.
What is the previous balance? $_______
Explanation
The previous balance is $168.80. This is indicated by the amount given in both formats, with the dollar sign and without the dollar sign. This suggests that the previous balance is the same amount, $168.80.Rate this question:
- 5.
How many charges were made during the billing cycle?
Explanation
The question is asking for the number of charges made during the billing cycle. The answer provided states that there were 5 charges made, and it is given in three different formats: 5, Five, and five. This indicates that there were a total of 5 charges made during the billing cycle.Rate this question:
- 6.
How many payments were made during this billing cycle? _______
Explanation
The question asks for the number of payments made during the billing cycle. The answer provided is "1, One, one", indicating that only one payment was made.Rate this question:
- 7.
What is the total amount of the credit line? $___________
Explanation
The total amount of the credit line is $1200, $1,200, 1200.00, 1,200.00, $1200, $1,200, $1,200.00, or $1200.00.Rate this question:
- 8.
What is the total amount of available credit? $_______
Explanation
The total amount of available credit is indicated by the numbers and symbols provided: 1074.76, $1074.76, 1,074.76, $1,074.76. All of these options represent the same amount, which is $1074.76 or 1,074.76.Rate this question:
- 9.
What is the total amount of charges made during the current billing period? $_______
Explanation
The total amount of charges made during the current billing period is $125.24. This is indicated by the given amount of $125.24, followed by a comma and the same amount again, indicating that there are no additional charges beyond this amount.Rate this question:
- 10.
What is the account number on the statement? _________
Explanation
The account number on the statement could be any of the given options: 4125-239-412, 4125239412, 4125239-412, or 4125-239412.Rate this question:
- 11.
What is the Annual Percentage Rate (APR) for cash advances? ____%
Explanation
The Annual Percentage Rate (APR) for cash advances is 6.48%. This means that for every $100 borrowed, the borrower will be charged $6.48 in interest over the course of a year. The APR includes both the interest rate and any additional fees or charges associated with the cash advance. Therefore, the borrower can expect to pay 6.48% of the total amount borrowed as interest and fees over the course of a year.Rate this question:
- 12.
What is the date for the next payment? ______ (Answer Format: 00/00/00)
Explanation
The date for the next payment is 3/09/09 or 03/09/09.Rate this question:
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