Semester 2 Review - Chapter 7

A rectangular room measures 18 feet by 25 feet.  It is going to be carpeted with carpeting that sells for $8.45 per square foot. What is the area of the room in square feet?

A rectangular room measures 18 feet by 25 feet.  It is going to be carpeted with carpeting that sells for $8.45 per square foot. If the room is drawn to a scale of ¼ inch represents 1 foot, give the dimensions of the room in inches on the scale drawing.

• 4 in by 6 in

• 3.75 in by 6.25 in

• 4.25 in by 6.25 in

• 4.5 in by 6 in

A rectangular room measures 18 feet by 25 feet.  It is going to be carpeted with carpeting that sells for $8.45 per square foot. This room is well insulated and on the south side of the house.  It has an 8-foot-high ceiling.  How large an air conditioner would this room require?  Round to the nearest thousand BTUs.

• 10,000 BTUs

• 11,000 Ts

• 12,000 BTUs

• 13,000 BTUs

A gazebo in the shape of a regular decagon has a side length of 10 and apothem 8.  The material for the floor is $2.50 per square foot.  How much will the flooring cost?

• $1,000

• $650

• $750

• $900

The Maxwell family took out a $275,000, 20-year mortgage at an APR of 6.1%.  The assessed value of their house is $9,400.  The annual property tax rate is 90.82% of the assessed value.  What is the annual property tax?

• $9,400

• $8,125.34

• $8,537.08

• $9,125.34

The square footage and monthly rental of 15 similar two-bedroom apartments in Martha’s Cove yield the following linear regression formula:  y = 1.137x + 598.98 where x represents the square footage of the apartment and y represents the monthly rental price. Use the formula to determine the monthly rent for an apartment that has 1800 square feet.

• $1,535.87

• $1,492.35

• $1,695.62

• $1,735.98

Using the recommendation that you should spend no more than 28% of your monthly gross income on housing, what is the most Stephanie can afford for monthly rent if she makes $9,800 per month? 

• $2,744

• $2,554

• $2,658

• $2,439

The Smiths have an adjusted gross income of $137,865.  They are looking for a new house that would have a monthly mortgage payment of $1,687.  Their annual property taxes would be $7,550 and their semi-annual homeowner’s premium would be $835. Find their front-end ratio to the nearest percent.

• 20%

• 21%

• 22%

• 23%

The Smiths have an adjusted gross income of $137,865.  They are looking for a new house that would have a monthly mortgage payment of $1,687.  Their annual property taxes would be $7,550 and their semi-annual homeowner’s premium would be $835. Assume that their credit rating is good.  Based on the front-end ratio, would the bank offer them a loan?

• Yes

• No

The Smiths have an adjusted gross income of $137,865.  They are looking for a new house that would have a monthly mortgage payment of $1,687.  Their annual property taxes would be $7,550 and their semi-annual homeowner’s premium would be $835.  The Smiths have a $344 per month car loan, and their average monthly credit card bill is $420.  Compute the back-end ratio to the nearest percent.

• 28%

• 30%

• 32%

• 34%