Credit Cards (HSC SSCE Mathematics Standard): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Credit card basic function
Credit card basic function
Buy now, pay later
Interest-free period
Interest-free period
Time when no interest charged on purchases
How credit card interest compounds
How credit card interest compounds
Daily compound interest
Daily interest rate formula
Daily interest rate formula
Future value formula (credit cards)
Future value formula (credit cards)
in credit card calculations
in credit card calculations
Amount owing on card (future value)
in credit card calculations
in credit card calculations
Principal (purchases + outstanding balance)
Credit card statement type of document
Credit card statement type of document
Ledger (tracks spending)
Missing minimum payment consequence
Missing minimum payment consequence
Late fee, interest, credit rating damage
Annual card fee applies when
Annual card fee applies when
Every year, whether card used or not