Basic Math Problems in Everyday Life

This video tutorial covers solving basic math problems encountered in everyday life, including calculating total money, change, division of profits, unit price comparison, tips, simple and compound interest, discounts, sales tax, return on investment, and mortgage payments. It provides step-by-step instructions and mental math techniques to enhance understanding and application of these concepts.

How much money does John have if he has 7 fifty-dollar bills, 12 twenty-dollar bills, 8 ten-dollar bills, and 9 five-dollar bills?

• $745

• $725

• $715

• $735

Karen buys shoes for $32.65 and pays with two twenty-dollar bills. How much change should she receive?

• $9.35

• $7.35

• $6.35

• $8.35

If a team of five students earns $486, how much does each student get when the profit is divided equally?

• $97.20

• $96.20

• $98.20

• $99.20

Which bag of rice offers the best value: a 4-pound bag for $3.69 or a 5-pound bag for $4.15?

• Both offer the same value

• 5-pound bag

• Neither offers good value

• 4-pound bag

Timothy wants to leave a 15% tip on a $50 restaurant bill. How much should he leave?

• $7.50

• $6.50

• $8.50

• $9.50

Megan has $50,000 in a checking account with a 2% annual interest rate. How much interest will she earn in one year?

• $1,500

• $2,000

• $500

• $1,000

Andrew invests $30,000 in a mutual fund growing at 10% annually. What will be its value after 20 years if compounded continuously?

• $250,000.00

• $300,000.00

• $221,671.68

• $201,825.00

David buys a house for $200,000, and after 10 years, it's worth $320,000. What is his return on investment?

• 60%

• 50%

• 70%

• 80%

Julia takes a 30-year loan of $250,000 at 4% interest. What is her monthly mortgage payment?

• $1,300.00

• $1,250.00

• $1,200.00

• $1,193.54

What is the total amount Julia will repay over 30 years for her $250,000 loan?

• $475,000.00

• $450,000.00

• $400,000.00

• $429,674.40