Unit 5 Review

Unit 5 Review

At Univ. of George about 15% of the student population are in coming freshmen. If there 550 in coming freshmen. Which proportion is used to calculate the total amount of students at Univ. of George?

What are solving for ?

Open Ended

How do you solve it?

Step by Step

Multiple Choice

At Univ. of George about 15% of the student population are in coming freshmen. If there 550 in coming freshmen. Which proportion is used to calculate the total amount of students at Univ. of George?

• $\frac{15}{550}=\frac{100}{x}$

• $\frac{15}{550}=\frac{x}{100}$

• $\frac{15}{100}=\frac{550}{x}$

• $\frac{550}{100}=\frac{x}{15}$

Multiple Choice

• F

• G

• H

• J

The bag contains 60 marbles. 15 of the marbles are teal. What percent of the marbles are red ?

What are we solving for?

Open Ended

How do we set up the proportion?


 $\frac{?}{?}=\frac{?}{100}$  

A married couple did their taxes jointly. Their joint income for the year is $150,800. The couple has no kids. They are required to pay 30% annual income tax. How much does the couple have to pay?

What are we solving for?

Open Ended

What are the steps for solving this problem?

Remember to turn percent into decimal

Multiple Choice

A married couple decided to file their taxes jointly. Their joint income for the year is $200,000. The couple does not have any kids and they are required to pay a 20% annual income tax rate. How much does the couple have to pay in income taxes for the year

• $40,000

• $35,000

• $20,000

• $40,400

What do they budget for Savings?

Fill in the Blanks

Fill in the Blanks

Chrissy invested $1500 in a account that pays 3%  compound interest at end of each year. Which of the following ca be used to determine the total investment of Chrissy at 4 years?

 $A=P\left(1+R\right)^T$  

Who remember this formula?

Multiple Choice

Chrissy invested $1500 in a account that pays 3% compound interest at end of each year. Which of the following ca be used to determine the total investment of Chrissy at 4 years?

• $A=1500\left(1+.03\right)^4$

• $A=1500\left(.30\ +1\right)^4$

• $A=.03\left(1+4\right)^{1500}$

• $A=1500\left(1+.04\right)^3$

Bobby make $950 a month.

Bobby make 950 a month?

Which Statement is true about Bobby?

• Round only 2 number behind decimals

• A. Bobby spends 25% of his monthly budget on Cell Phone.

• B. Bobby spends over 50% on Clothes and Car Payment.

• C. Bobby spends 10% on Clothes

Multiple Choice

Which statement was true about Bobby?

• A

• B

• C

Shelia's assets total $209,425 and her liabilities total $120, 370. What is Sheila’s net worth?

What is the Net Worth formula?

Asset minus Liabilities equals Net Worth

Multiple Choice

Assets=$20,000

Liabilities=$50,000

What is the net worth

• $30,000

• -$70,000

• -$30,000

• $70,000

Javier borrowed $3,000 from the bank to pay for house renovations. The interest rate on the loan is 8%. How much interest will Javier owe after 2 years?

I=PRT

I=PRT

How do I solve?

What steps do I make?

Did I turn percent to decimal correctly?

Multiple Choice

Javier borrowed $3,000 from the bank to pay for house renovations. The interest rate on the loan is 8%. How much interest will Javier owe after 2 years?

• $598

• $408

• $356.76

• 480

A pair Air Force One cost $120. They are on sale at $100. What percent are the Air Force Ones on sale?

 $\frac{part}{whole}=\frac{part\%}{whole\%}$  

Multiple Choice

A pair Air Force One cost $120. They are on sale at $100. What percent are the Air Force Ones on sale?

• 20%

• 30%

• 16.7%

• 83.3%

Diego calculated his monthly expenses to be $3,360. What is the minimum hourly wage that Diego must earn in order to pay for his monthly expenses? Assume there are 4 weeks in each month and work 40 hours a week

How do I solve this Problem?

What steps do I take?

Multiple Choice

Eva just graduated from college and is interviewing for jobs. Her monthly budget is $2,240. She will work 40 hours per week in her new position. What is the minimum hourly rate that she will need to make to pay for all her expenses? (Assume there are four weeks per month).

• $14 a hour

• $16 a hour

• $12 a hour

• $14.40