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jbellavia9
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Income And Debt Mar 1
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Mental Math 1) 24 is 25 % of what ? 2) What is the daily interest rate for 20% per annum? 3) Express 8/4 as a percent. 4) Add 547 + 167 + 34 = 5) Find $1345.78 + $368.88 $1114.66 = 6) How long does it take to double an investment of $500 at 36% per annum? 7) What is 11 x 13? 8) Find 2 x (867 663) = 9) How much simple interest would you earn on $1000 at 10% for 6 months ? 10) What is 1% of 800?
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Introduction to Buying on Credit • Credit may be defined as the purchase of goods and/or services in exchange for a promise to pay at some future date. • When you buy on credit, there is a mutual expression of faith between you and the credit card company that they will pay for the goods or services you purchased right now and you will pay the credit card company in the future.
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Assignment Work in pairs and read page 40 Exploration 5 "Shopping with a Credit Card". Answer questions 14, 6 and 7. (Note: Question #7 is a favorite question on the final exam.) Take Home Assignment: Consumer 30S Credit and Credit Cards Due March 3, 2010
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