FINAL EXAM REVIEW FL

Maddie Dabie’s charge account statement showed a previous balance of $773.16, a finance charge of $10.23, new purchases totaling $84.34,  CREDIT OF $27.76, AND A PAYMENT OF $360. WHAT IS THE NEW BALANCE?

• 579.79

• 479.97

• 1,066.35

• 1,660.53

Tags

CCSS.7.NS.A.3

Taylor Hopper’s charge account statement has an unpaid balance of $1,115. Periodic rate is 1.6% of the unpaid balance. What is the finance charge?

• $17.84

• $178.40

• $1,784.00

• $6,730.00

Tags

CCSS.7.RP.A.3

Taylor Hopper’s charge account statement has an unpaid balance of $1,115. Periodic rate is 1.6% of the unpaid balance. She had New purchases of $430.36. What is the new balance?

• $1,545,60

• $667.94

• $427.50

• $1,563.20

Tags

CCSS.7.RP.A.3

Cash price of $1,265. Down payment: $100. What amount is financed?

• $1,165

• $1,365

• $100

• $1,200

Tags

CCSS.7.EE.B.3

Brandon and Kat made a new purchase of $8,371.39.  They made a down payment of 15% and financed the remaining amount. What amount did he financed?

• $1,500.43

• $8,386.39

• $7,115.68

• $500

Tags

CCSS.6.RP.A.3C

 

Zack Rossel Had a single-payment loan of $1,000. The interest rate was 7%. The ordinary interest is for 108 days.

What is the interest owed?

• $80

• $25

• $12

• $21

Tags

CCSS.7.RP.A.3

 

Zack Rossel Had a single-payment loan of $1,000. The interest rate was 7%. The ordinary interest is for 108 days. What is the maturity value?

• $892

• $1,021

• $1,000

• $75

Tags

CCSS.7.RP.A.3

Morgan Lee took out an Installment loan of $7,000. It requires 24 monthly payments. The APR is 10%.

What are the monthly payments?

• $24.36

• $13.12

• $57.63

• $70

Morgan Lee took out an Installment loan of $7,000. It requires 24 monthly payments. The APR is 10%. What is the finance charge?

• $133.12

• $30

• $500.33

• $55.21

Tags

CCSS.7.RP.A.3

The Car Rental Company has a 5-day rate of $208.34 for compact cars, with no charge for mileage. One is driven 450 miles and uses $32.90 in gasoline. What is the cost per mile?

• $0.51

• $0.24

• $0.73

• $0.13

Tags

CCSS.6.RP.A.3B