Credit Cards are used to buy goods and services and pay for them later. The time where we are not paying for them accrues interest exactly like a loan, however, it is often calculated daily.
What are Credit Cards?
The following video explains how they work.
How to Calculate Interest
The following video explains how to calculate interest.
How Do Interest-Free Days Work?
The following video explains interest-free days and how to solve examples with interest-free days.
The following videos go through further examples of solving exam-style questions.
Want to learn more? Check out more of our HSC Standard Maths resources here!