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College Math Word Problems

Each answer must have all the steps that you used to arrive at that answer.

(1) The sale price of a spring break vacation package was $209.99, and the travel agent said by booking early, you saved $25. Find the percent decrease in price.

(2)Aaron had an unpaid balance of $1637.05 on his credit card statement at the beginning of March.  He made a payment of $150.00 during the month, and made purchases of $368.28.  If the interest rate on Aaron’s credit card was 2.5%per month on the unpaid balance, find his finance charge and the new balance on April 1.

(3)A credit card statement showed these transactions during October.

October 1      Previous balance   $292.47

October 8      Purchases                   $62.17

October 26   Payment                   $185.00

The credit card has an interest rate of 4.5% on the average daily balance.  (1)Findthe average daily balance, (2)The finance charge for the month, and (3) The new balance on November 1.  [Hint: Remember that October has 31 days]

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