Apps 2 Exam #8- 11/5

Daniel and Unisha want to fix the windows in their house. The estimated cost for the job is $6,890. They pay 30% of the cost up front and finance the rest at 12% annual percentage rate for 48 months.

What is the down payment?

• $6,890

• $2,067

• $30

• $48

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

(principal x rate x time)

• $800

• $1,000

• $1,200

• $1,500

The current balance is $306.55 on your credit card. You then make a purchase of $209.54 followed by a payment of $175.00. If the finance charge is $6.75, what is your new balance?

• $347.84

• $492.09

• $571.37

• $306.55

Denise has a credit account with an unpaid balance of $210.94. If the company charges a 1.85% finance charge, what will the new balance be after the finance charge?

• $556.06

• $519.17

• $592.30

• $617.09

You are purchasing a T.V for $990 T.V with 9% sales tax. What is the final price of the T.V.?

• $ 1881.00

• $ 1079.00

• $ 1,079.10

• $ 1,709.1

Sam bought an $85.00 jacket for 40% off of the regular price.  How much did he pay for the jacket? 

• 75

• 51

• 36

• isaiah

Skateboards are on slae for 30% off. The regular price of a skateboard is $89,what is the discounted price?

• $26.70

• $36.70

• $62.30

• $54.30

Ann works in a supermarket for $10.00 per hour. She received a raise to $12.00. What is the percent of change in her hourly wage?

(percent change formula = new-old/old)

• Increase 16.67%

• Decrease 16.67%

• Increase 20%

• Decrease 20%

Parker purchased a new surfboard that cost $500 and financed it for 100 days . Determine the maturity value of the loan if the rate is 8.25% exact interest.

• $11.30

• $511.30

• $11.46

• $511.46

Work this problem. You have a coupon for $1.00 off 3 tubes of toothpaste. Toothpaste cost $2.29 each. How much will you pay?

• $6.87

• $3.58

• $5.87

• $1.00