Semester 1 Exam Review

Tim works part-time at a bakery earning $11.00 per hour. If the last five days, his time card shows that he worked 3.5, 4.9, 4.0, 3.5, 2.1 hours. What is his gross pay for the five days?

• $18

• $198

• $98

• $11

Cherie accepted a job through an employment agency. The job pays $900 monthly. The agency charges 22% of her first 2 months pay. How much will Cherie owe the agency? Round to the nearest dollar.

• $198

• $19,800

• $1,800

• $396

Jim is offered a job making $63.5K per year. What is his monthly salary?

• $5.29

• $5,250

• $5,291.67

• $5.25

Cherie accepted a job through an employment agency. The job pays $800 semimonthly. The agency charges 21% of her first 2 months pay. How much will Cherie owe the agency? Round to the nearest dollar.

• $756

• $567

• $672

• $168

Lea invests $8,333 in a savings account with an interest rate of 8% compounded semiannually. What will be the account balance after 12 years?

• $2,499,900

• $108,155.67

• $21,694.04

• $21,360.01

Jen’s balance in her checking account is $136.24. She deposits her paycheck of $201.34 and

pays two bills in the amounts of $90.00 and $17.09. What amount does she have in her checking

account now?

• $230.49

• $41.99

• $7.81

• $444.67

How much simple interest will you have after 16 months on an account that you deposited $3,000 into that earns 4% interest?

• $1,920

• $192,000

• $160

• $16,000

What is the monthly payment for a $4,500 four-year long with an APR of 5%?

• $92.12

• $103.64

• $73.68

• $82.89

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