O-LevelCommerceCreditOct/Nov 2022Paper 1 Q71 Mark
Suleiman received this credit card statement. [Figure 7.1, showing a credit card statement with details: statement date 1 October, opening balance $2000, debits $750, credits $500, new balance $2250, credit limit $5000, minimum payment $85, payment to be credited by 21 October]. Which way will Suleiman avoid paying any interest?
Apay $750 after 21 October
Bpay $2000 before 21 October
Cpay $2250 after 21 October
Dpay $2250 before 21 October
✓ Correct Answer
The correct answer is D: pay $2250 before 21 October
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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