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Lesson 10: Using a Charge Account

Lesson 10: Using a Charge Account. Consumer Math p. 73-74. Key Words. Charge account: an account with a store or company to which goods are charged and then paid for at a later date Minimum Payment: the smallest amount due to be paid on a charge account

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Lesson 10: Using a Charge Account

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  1. Lesson 10: Using a Charge Account Consumer Math p. 73-74

  2. Key Words • Charge account: an account with a store or company to which goods are charged and then paid for at a later date • Minimum Payment: the smallest amount due to be paid on a charge account • Interest: a fee charged on the unpaid balance of a charge account • Statement: a monthly record was sent to charge account customers

  3. Example

  4. Example

  5. Worksheet

  6. Lesson 11: Using a layaway plan Consumer Math p. 75

  7. Layaway Some customers prefer to buy their clothes by using a layaway plan. They pay part of the price as a deposit. The store keeps the item until the customer pays the remainder of the price. There are no interest charges. However, there is usually a limit to the time that the item may be laid away.

  8. Worksheet

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