Unit 5 review

Front

What does it mean for a budget to be in a deficit?

Back

Not having enough money for your budget (spending > income).

Front

How can you determine if a budget is in a deficit?

Back

If total spending exceeds total income, the budget is in a deficit.

Front

What is the formula to calculate the new balance in a checking account after deposits and withdrawals?

Back

New Balance = Initial Balance + Total Deposits - Total Withdrawals.

Front

If Jill has a balance of $87.45, deposits $276.89, and writes checks totaling $138.81, what is her new balance?

Back

$225.53.

Front

How do you write a dollar amount in words on a check?

Back

Write the dollar amount followed by 'and' and the cents as a fraction over 100.

Front

What is the correct way to write $529.56 in words on a check?

Back

Five hundred twenty nine and 56/100.

Front

What is the significance of the equation representing bacteria growth over time?

Back

It models exponential growth, showing how populations can increase rapidly.

Front

If the bacteria count after 4 minutes is represented by an equation, how do you find the number of bacteria?

Back

Substitute x = 4 into the equation and solve.

Front

What is a net deposit?

Back

The total amount deposited minus any cash taken out.

Front

If Billy deposits two checks for $76.34 and $28.19 and takes out $50, what is his net deposit?

Back

$54.53.