Financial Literacy Semester 1 Review

Mary Thompson is a Bus Driver. She earns $18.50 per hour for a regular 40 hour work week. Her overtime rate is 1 1/2 times her regular hourly rate. This week she worked 48.5 hours. What is her total pay?

(Put $ Symbol in your Answer, make sure to Round)

(a)  

Jon Jones is a Firefighter. His annual salary is $67,392. What is his biweekly salary?

(Make sure to use a comma in your answer, put $ symbol in answer)

(a)  

Laura White sells on-line newspaper subscriptions. Her straight commission is 6 3/4% of her sales. Last month Laura sold $38,500. How much is her commission?

(Put $ symbol in answer, make sure to use a comma)

(a)  

William Peters bought a Snow Blower that costs $1,300. He paid half of the total cost up front. He has seven months to pay off the remaining balance. How much will William have to save each month to pay off the Snow Blower?

(Put $ symbol in answer)

(a)  

Anne Franco is planning a trip to visit her Aunt that lives in Spain. She will make the trip 22 months from now. Anne estimates she will need to save $5,900, and has already saved $475. How much will Anne need to save each month to pay for the trip?

(Put $ symbol in answer)

(a)  

Todd Wright purchased 4 tires for $101.89 each, 4 tire valves for $3.49 each, and had the tires balanced for $4.00 each. The sales tax is 6.1%. What is the total purchase price?

(Put $ symbol in answer and make sure to round)

(a)  

Rhonda Allen compares the prices of two containers of yogurt . A small container (2.75 quarts) costs $3.49 and the larger (4 quarts) costs $4.89. What is the unit cost of each container?

• Small Container: $1.28; Large Container: $1.23

• Small Container: $1.27; Large Container: $1.22

• Small Container: $1.30; Large Container: $1.20

• Small Container: $1.25; Large Container: $1.35

Bill and Ted's Appliance Store regularly sells the Samsung 4K TV for $599.99 This week it is on sale at 20% off. How much is the markdown in dollars?

(Put $ symbol and .00 in answer)

(a)  

Andy Bigelow deposited $10,500 in an account that pays an annual rate of 5 1/4%. He made no other deposits or withdrawals. How much simple interest did her money earn in 9 months?

(Put $ symbol in answer and make sure to round)

(a)  

Kelly Christopher deposited $6,025 in a high interest savings account earning 12% compounded quarterly. If she makes no other deposits or withdrawals, how much interest will she earn in 3 years?

(You need to subtract to find your answer, you are finding the interest, not the balance.)

(Put $ symbol in answer, use a comma, and make sure to round)

(a)