Financial Algebra Chapter 2 Quiz 1

Rigoberto just got paid from working at Bernie's liquors. He cashed his check for $630. The teller gave him three 50's, eighteen 20's, and t ten-dollar bills. How many ten dollar bills give he get?

• 120

• 12

• 24

• 6

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Angelica Walker has a checking account with MSEFCU. Her balance in the beginning of the month was $2,195.65. during the month, she made deposits totaling $1,873.22, wrote checks totaling c dollars, was charged a maintenance fee of $15, and earned $5.05 in interest. Her balance at the end of the month was $3,200. Was is the value of c?

• $1,262.58

• $2,262.58

• $858.92

• $888.92

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Armando Aguiniga has t dollars in his checking account. On Sept. 28, he deposited w, h, and v dollars, and then withdrew k dollars. Write an algebraic expression that represents the amount of money in his account after the transactions.

• t + w + h + v + k

• t + w + h + v - k

• w + h + v + k = t

• w + h + v - k

Tags

CCSS.7.EE.A.1

CCSS.7.EE.A.2

CCSS.7.EE.B.4

CCSS.7.NS.A.1

Jonah Benavides deposited has a job at patient care first in Modesto. He deposited a $865.98 paycheck, a $60 bonus check, and an $18 check from his grandma into his account. His original balance was $476.02. Assuming the checks clear, how much will be in his account after the deposit is made?

• $1,420.00

• $1,283.98

• $476.96

• $1,538.62

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Isabella Carrillo cashed a check for $113. The teller gave her x twenty-dollar bills, three ten-dollar bills, and three one-dollar bills. Find the value of x.

• 80

• 4

• 8

• 16

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

Monique Garcia had $463.24 in her checking account, and a check that she wrote to her landlord for $470.00 was just deposited.

This will result in which of the following fees?

• overdraft fees

• service fees

• atm fees

• None of the above

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

The process of balancing your check register with the bank's statement is called ___________

• removing
• recommending
• reconciling
• renovating

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Checks that have been written but not been paid by the bank are called ___________ checks.

• reconciled
• cancelled
• uncashed
• outstanding

Drew Gonzales has a checking account that charges $0.15 for each check written and a month service charge of $9.75. Write a formula that Francisco can use each month to find the fees he will be charged. Let m be the monthly total of fees, and c be the number of checks written.

• m = 9.75 + 0.15c

• m = 9.75c + 0.15

• c = 9.75 + 0.15m

• c= 9.75m + 0.15

Tags

CCSS.7.EE.A.1

CCSS.7.EE.A.2

CCSS.7.EE.B.4

Kayara Moore discovered that when she recorded a deposit of $75 two weeks ago, she mistakenly subtracted it from the running total in her check register. She decided that she would write a new entry after her most recent entry and add $75. Will this correct the mistake and why?

• yes, because the negative $75 taken out before and the positive added will cancel out one another.

• yes, because they are the inverse of one another

• no, because the first $75 she adds will only cancel out the first one she subtracted, and then she will have to add an additional $75 to show a positive $75.

• no, because I was not really listening to Mr. Marvulli talk at all, and really decided not to read the problem, so I'm deciding to guess by clicking on the longest possible answer.

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3