Credit Cards and Loans (Interest, Minimum Payments)
30 tutor-authored questions for this Ontario curriculum expectation, ordered easiest to hardest, every one with a full worked solution. Work through all 30 with your weekly-lesson access code.
Sample: the first question, solved
A credit card balance of $1000 has 18% annual interest. Find the monthly rate.
📘 Worked solution
✓1.5%/month.
And one from the hard end
Compare a $5000 loan repaid over 4 years at 8% simple interest to $5000 of credit card debt carried at 22% annual interest for 1 year (simple approximation). Find the difference in total interest between the two.
Solution shown after you try it in practice mode.
Work through all 30, easiest to hardest
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