Year 12 Maths Standard 1 (2027)
Depreciation and loans
Reading a Credit Card Statement
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Questions
Question 1
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The credit-card statement below is for one month. Use it to answer the question. What is the closing balance shown on the statement?
| Opening balance | \(\$520.00\) |
| Purchases | \(\$310.00\) |
| Payments / credits | \(\$200.00\) |
| Fees and charges | \(\$0.00\) |
| Closing balance | \(\$630.00\) |
| Minimum payment due | \(\$25.20\) |
| Payment due date | 15/07/2027 |
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