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Financial Algebra chapter 5 test

Authored by Luke Marvulli

Mathematics

12th Grade

CCSS covered

Used 40+ times

Financial Algebra chapter 5 test
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

39.5%
37.5%
47.425%
What's debt to income

Tags

CCSS.6.RP.A.3C

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Craig’s June water bill listed two meter readings. The previous reading was 6,372 ccf and the present reading is 6,512 ccf. How much water did Craig’s household use during the billing period?

140
6512
6372
129

Tags

CCSS.4.OA.A.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Mrs. Zorn works for a utility company and is reading the electric meter for a local pizza place, which is shown below.

57,573
46,462
47,472
47, 473

Tags

CCSS.4.NBT.A.2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A certain guitar amplifier requires 850 watts when it is being used. How much would it cost to run for 90 minutes, at a cost of $0.14 per kWh? Round to the nearest cent. 

$1.275
$0.15
$3,135
$0.18

Tags

CCSS.8.EE.C.7B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Robinsons’ old dryer cost them $450 per year to run. The new one they purchased for $750 will save them 20% annually in energy costs to run it. In how many years will it pay for itself?

.087 years
3.4 years
11.5 years
8.3 years

Tags

CCSS.7.EE.B.4A

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two years ago the Lange family used $4,450 worth of electricity. Last year they switched to balanced billing. 
 
What was their monthly payment last year under balanced billing? Round to the
nearest cent.

$3250
$270.83
$370.83
$428.14

Tags

CCSS.7.EE.B.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two years ago the Lange family used $4,450 worth of electricity. Last year they switched to balanced billing. 
 
During last year, they actually used $5,000 of electricity and their balanced billing payments were not enough to pay for their electrical usage. They had to pay the difference at the end of the year. How much did they owe the utility company?

$3,766
$516
$550
$7,016

Tags

CCSS.7.EE.B.3

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