Math Models Exam Review Part 1

What is .25 as a percent?

• 2.5%

• 25%

• 250%

• 2500%

What is 3% as a decimal?

• 0.3

• 0.03

• 0.003

• 3.00

Which job offer below pays the most, assuming all jobs work 40 hours per week and 50 weeks per year?

• Registered Nurse - $35/hr

• Bookkeeper - $65,000 per year

• Caregiver - $2,200 paid biweekly

• Tutor - $1,000 paid per week

If Jazmine puts $10,000 in an account with 5% simple interest, how much total interest would she earn after 10 years?

• $4,800

• $5,000

• $6,000

• $12,000

If Yadira saves $10,000 in an account with 5% compound interest, how much interest will she accrue after 10 years?

• $628.89

• $1,628.89

• $6,288.95

• $16,288.95

What is unique about filing taxes in Texas?

• Texas has no state income tax, so you only need to file federal income taxes.

• Texas has no federal income tax, so you only need to file state income taxes.

• It is illegal to file taxes on paper, so they must be filed electronically.

• It is illegal to have a tax expert prepare your taxes on your behalf.

Juan works part-time at Dairy Queen and earned $12,645 in taxable income last year. Juan is filing his taxes online and calculates that his itemized deductions would total $658 and the standard deduction for his filing status would be $10,500. Which deduction should he claim on his taxes?

• Juan should claim the standard deduction.

• Juan should claim his itemized deductions.

• Juan should claim both.

• Juan should not file taxes, since he only had a part-time job this year.

The table below shows Yadira's financing options for getting a new car. Which option would lead to the most overall cost savings, assuming that Yadira intends to drive less than 14,000 miles per year?

• Purchasing the car using a loan

• Leasing the car

• Both options are comparable in cost so the decision should be made based on other factors

________ is the number of different ways a set of objects can be selected with a specific order.

• Permutation

• Combination

• Fundamental Counting Principle

• Binomial Probability

________ is the number of different ways objects can be selected without a specific order.

• Permutation

• Combination

• Fundamental Counting Principle

• Binomial Probability