
Unit 4 Test Review
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the total lease cost for a motorcycle that costs $250.00 per month for 24 months, with a deposit of $1000.00, a title fee of $45.00, and a license fee of $30.00?
Back
Total Lease Cost = (Monthly Cost * Number of Months) + Deposit + Title Fee + License Fee = (250 * 24) + 1000 + 45 + 30 = 7075.
2.
FLASHCARD QUESTION
Front
What type of insurance covers damage caused by collision with another vehicle or object regardless of fault?
Back
Collision Insurance.
3.
FLASHCARD QUESTION
Front
What is the term for a fee that must be paid before an insurance company pays a claim?
Back
Deductible.
4.
FLASHCARD QUESTION
Front
What is the term for the difference between the first and third quartiles in a data set?
Back
Interquartile Range.
5.
FLASHCARD QUESTION
Front
What is the term for the decrease in value of an asset over time?
Back
Depreciation.
6.
FLASHCARD QUESTION
Front
How do you calculate the total cost of leasing an item?
Back
Total Cost = (Monthly Payment * Number of Months) + Initial Fees (Deposit, Title, License, etc.).
7.
FLASHCARD QUESTION
Front
What is the purpose of collision insurance?
Back
To cover damages to your vehicle resulting from a collision with another vehicle or object.
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