Budget

For Exercises 1–7, use the circle graph. The circle graph shows how the Alvarados spend their monthly income of $6,000

What percent of the Alvarados’ income goes to the mortgage payment?

• $66

• $1380

• $948

• $420

The circle graph shows how the Alvarados spend their monthly income of $6,000.

How much do the Alvarados spend on food each month?

• $420

• $66

• $600

• $720

The circle graph shows how the Alvarados spend their monthly income of $6,000.

How much more do they spend on taxes than on clothing?

• $420

• $528

• $948

• $1380

The circle graph shows how the Alvarados spend their monthly income of $6,000.

The Alvarados buy medical insurance for $300 a month. What percent of their total budget is that?

• 5%

• 50%

• 55%

• 555%

Mrs. Alvarado gets a raise that increases their income to $6,500 a month. Their mortgage stays the same. What percent of their monthly income do they now spend on the mortgage?

• $1496

• $1495

• $1380

• $1368

Quinn lives in a house with a value of $200,000. She has a mortgage of $150,000. She owes $6,000 on her car, which is valued at $18,000. She has a credit card balance of $800. Quinn also has $1,200 in a bank account. What is Quinn’s net worth?

• $50,800

• $62,400

• $74,100

• $80,100

Carrie deposited $300 in a savings account that earns 8% simple interest annually. She makes no additional deposits and no withdrawals How much money will be in the account after 5 years?

• $120

• $420

• $1500

• $240

How well do you know Personal Budget

• I know it well.

• I don’t know it.

• I am confused.

• Reteach.

Carrie deposited $300 in a savings account that earns 8% simple interest annually. She makes no additional deposits and no withdrawals How much simple interest will be in the account after 5 years?

• $120

• $420

• $1500

• $240