Review: Renting/Homeownership Expenses

A moving helper company gave John these two quotes. Solve a system of equations to determine the hourly rates for

loading/unloading and packing /unpacking.

( x = loading/unloading and  y = packing/unpacking)

4 x + 5 y = 335

3 x + 6 y = 330

 

 

• x = 40

  y = 35

• x = 40

  y = 45

• x = 30

  y = 35

• x = 30

  y = 40

Tags

CCSS.8.EE.C.8C

A moving helper company gave Anna these two quotes. Solve a system of equations to determine the hourly rates for

loading/unloading and packing /unpacking.

( x = loading/unloading and  y = packing/unpacking)

5 x + 2 y = 410

4 x + 3 y = 405

 

 

• x = 60

  y = 70

• x = 50

  y = 60

• x = 60

  y = 55

• x = 50

  y = 55

Tags

CCSS.8.EE.C.8C

You would like to purchase a house that costs $345,000. It is recommended that you put 20% of the cost of the home as a down payment. Calculate how much the down payment would be

Formula: Cost of house x percent as decimal

• $69,000

• $56,500

• $6,500

• 46,900

Tags

CCSS.6.RP.A.3C

You would like to purchase a house that costs $176,000. It is recommended that you put 20% of the cost of the home as a down payment. Calculate how much the down payment would be

• $3,500

• $35,200

• $36,250

• $35,500

Tags

CCSS.6.RP.A.3C

      You would like to buy a house that costs $124,500. It is recommended that you put 20% of the cost of the house as a down payment. You will calculate the following

a.       Calculate down payment:(Amount of house x percent as decimal )

 

_______________ x  ___________=____________

b.       Calculate amount to be financed (principle): ( Amount of house  -  down payment)

 

_____________  - ____________=  ____________

             

• a. $24,900

  b. $99,600

• a. $34,900

  b. $89,600

• a. $27,400

  b. $96,000

• a. $49,000

  b. $75,900

Tags

CCSS.6.RP.A.3C

      You would like to buy a house that costs $88,000. It is recommended that you put 20% of the cost of the house as a down payment. You will calculate the following

a.       Calculate down payment:(Amount of house x percent as decimal )

 

_______________ x  ___________=____________

b.       Calculate amount to be financed (principle): ( Amount of house  -  down payment)

 

_____________  - ____________=  ____________

             

• a. $17,600

  b. 68,000

• a. $17,600

  b. $70,400

• a. $17,000

  b. $71,000

• a. $17,000

  b. $70,400

Tags

CCSS.6.RP.A.3C

      Calculate the monthly payment for a principal amount of $135,500. The rate is

5.8% for a 30- year loan

• $795.05

• $763.05

• $895.56

• $797.50

      Calculate the monthly payment for a principal amount of $97,000. The rate is

3.5% for a 20- year loan

• $540.56

• $679.54

• $566.25

• $562.56

You are moving into a new apartment. You are required to pay a $50 application fee for an apartment whose monthly rent is $950. As part of the application process, you are required to pay a $25 fee for a credit report check and pay a security deposit equal to one month’s rent. The landlord also requires the last month’s rent at the time of signing the lease.

Calculate up front move-in expenses:

 

 ________ +  ___________ +   ___________+ _______________=________

• $950

• $1975

• $1025

• $1935

Tags

CCSS.7.EE.B.3

Joey is moving into a two-bedroom apartment. The monthly rent is $1,300.  He must pay an application fee of $150, a credit report of $25, and 1st and last month’s rent. He also must pay a pet deposit of $150.

Calculate up front move-in expenses:

___________ +   __________+   ________ +  _________+___________=_________

 

• $2,900

• $1,300

• $1,625

• $2,925

Tags

CCSS.6.NS.B.3