Semester Test - Math of Finance

Front

What is the total cost of 4.6 meters of fabric at $3.57 per meter?

Back

$16.42

Front

What is the percentage base for calculating percentages?

Back

100

Front

If 600 people were surveyed and 150 rode stationary bikes, what percentage of the surveyed people rode stationary bikes?

Back

25% (150/600 * 100)

Front

How do you calculate the difference in the number of people who prefer purple over red if 8 prefer purple and 3 prefer red?

Back

5 (8 - 3)

Front

What is the formula for calculating the total cost when given the unit price and quantity?

Back

Total Cost = Unit Price x Quantity

Front

If 6 students spent 7 hours doing homework, what is the average time spent per student?

Back

7 hours (total time is divided by the number of students)

Front

What is the meaning of 'mean' in statistics?

Back

The mean is the average of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.

Front

How do you convert a fraction to a percentage?

Back

Multiply the fraction by 100.

Front

What is the formula for calculating the percentage increase?

Back

Percentage Increase = ((New Value - Old Value) / Old Value) x 100

Front

If a student scores 80 out of 100 on a test, what is their percentage score?

Back

80% (80/100 * 100)