Math 20-3 Ch 7 Review

Math 20-3 Ch 7 Review

11th Grade

10 Qs

quiz-placeholder

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Math 20-3 Ch 7 Review

Math 20-3 Ch 7 Review

Assessment

Quiz

Mathematics

11th Grade

Practice Problem

Medium

Created by

Rebecca Ning

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a variable expense?

rent

clothing

insurance

loan payment

Answer explanation

Variable - changes over time, some months might not have any! Some months more than others, not regular.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a recurring expense

your salary

transportation

rent

entertainment

Answer explanation

Recurring means always there, and the same amount every time... not variable.

Transportation changes based on how much you travel.

Some months you spend more on entertainment than others (eg. you go to a concert).

Salary is an income, not an expense.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a conservative budget, we round expenses up and round income down to be safe.

You average an income of $522 per week. What would be a conservative monthly income for your budget?

500

2000

2088

2100

Answer explanation

522 per week = 2088 per month

Conservative, so round income down... $2000

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In a conservative budget, we round expenses up and round income down to be safe.

You average $175 per month in gas bills. What would be a conservative monthly gas cost for your budget?

150

175

200

700

Answer explanation

Conservative, so round expenses up... $200

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You save $1400 per year, and make $2000 per month. What percent of your income are you saving?

0.7%

5.8%

58%

70%

Answer explanation

Make: $2000 / month

x 12

Make: $24,000/year

Save : $1400 / year

$1400 / $24000 x 100% =

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You need to save $5000 for a summer trip in grade 12. It will be 14 months until you leave. How much money do you need to save each month?

$60000

$600

$416

$357

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What percentage of her income is Petra spending on Food?

19%

21%

23%

25%

Answer explanation

Look at her total income, not her total expenses.

Food = 325 / 1400 x 100% =

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