Consumer Responsibilities Answers

Dwayne had a balance of $95.13 in his checking account on Monday morning. That day he used his debit card for the following transactions:Breakfast at the corner bagel shop: $8.53Gas in the car: $28.60Cable bill: $65.39Oil change: $30.64Dwayne's bank uses a balance system of debiting from highest to lowest. The bank will not return amounts up to a total of $50 in overdrafts, but they do charge a fee for each overdraft. How many overdraft fees will Dwayne incur?

Dynatashia has a list of items she needs to buy at the store. She has written down the items and the advertised prices as shown: Hamburger – $3.99 per pound Hamburger buns – $1.29 2-liter soda – 3 for $2.00 Dynatashia buys 1.5 pounds of hamburger, 1 package of buns and 3 of the 2-liter bottles of soda. Her receipt is shown below.2-ltr soda 2@3/$2$1.34Hambrg 1.5 [email protected]$5.99Hbuns [email protected]$1.692-ltr soda 1@3/$2$0.67

How is the interest rate on a payday loan calculated?

Which answer choice is not one of the top 10 abusive lending practices?

Twila decides to purchase several party trays for her holiday party. She sees that a local store has relish trays for $18.95, cheese and cracker trays for $23.99, and cookie trays for $25.49. The store also has a coupon in its flyer for $5 off any purchase of $50 or more on party trays. Twila orders 1 relish, 1 cheese and cracker, and 2 cookie trays. At this store, discount coupons are applied after tax is calculated, so a sales tax of 8% was added to Twila’s purchase, and then coupon amount was deducted. If Twila was charged $96.43, determine if she paid the correct amount.

While out shopping, Lebron sees a sign for print tees advertised at 3 for $35 or $15 each. Lebron decides to buy 2 print tees. If the sales tax is 8%, how much more would Lebron have had to pay if he would have purchased 3 print tees?

Susan makes a purchase of $175 and is charged 7.75% for sales tax. What is the total cost of the purchase if Susan charges it on a credit card with a daily interest rate of 0.039% and pays the balance off at the end of 30 days?

Myrtle needs to borrow $200 and is hoping to get a payday loan with an annual percentage rate (APR) of less than 50%. If a company charges her $30 in fees for the loan, what is the minimum loan term needed that would give Myrtle her desired APR?

Mikah buys a new DVD player. After 9 days, he sees the same player on sale at another store for considerably less than what he paid for his. Since he still has the receipt, he decides to return the DVD player, get his money back, and buy it at the cheaper price. When he tries to make the return, he is disappointed to find out that returns on electronics must be made within three days of purchase.Which of the following responsibilities did Mikah most likely not meet?

Coach Yip decides to order pizza delivery for the team after a game. The pizza shop is having a promotion where any large pizza costs $12.99. There is a 7.5% sales tax and a $2.50 delivery charge for the order. If Coach Yip orders 4 large pizzas, what amount should she expect the pizza shop to tell her as her total charge?