Back to 6.10 Credit Cards

6.10 Exercise 11

Avg difficulty 2.5

Kaylen’s credit card charges 16.9% annual interest. His current billing period is from November 1 to November 30. The balance on November 1 was $1,845.23. Use Kaylen’s following transactions to determine his balance due at the end of the billing cycle.

Date Activity Amount
1-Nov Billing Date Balance $1,845.23
3-Nov Groceries $78.50
4-Nov Tablet $159.00
4-Nov Online Game Purchase $39.99
4-Nov Restaurant $47.10
10-Nov Payment $300.00
13-Nov Gasoline $58.75
13-Nov Clothing $135.00
18-Nov Gift $30.00
18-Nov Restaurant $21.75
28-Nov Gasoline $43.79

OpenStax Contemporary Mathematics, 6.10 Credit Cards, exercise 11

AI Tutor

Adapted from Contemporary Mathematics © 2023 Rice University. Licensed under CC BY 4.0. Source: Contemporary Mathematics. Imported at revision fa7c1a1.