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Business Math Notebook Quiz 12/21

Total questions: 15

Worksheet time: 1hrs 15mins

Name
Class
Date
1.

What is the answer to #2 on the warm-up from 12/3/18?

a)

1807.09

b)

561.34

c)

1248.40

d)

1809.07

2.

What is the answer to #1 on the warm-up from 12/4/18?

a)

1166.69

b)

898.03

c)

1383.53

d)

1169.66

3.

What is the answer to #1 on the warm-up from 12/6/18?

a)

1%

b)

.01

c)

90.90

d)

.01%

4.

What is the answer and work to #1 on the warm-up from 12/7/18?

a)

$9.10

b)

520 x .25 x .07

c)

1/4

d)

I = P x R x T

5.

What is the answer and work to #2 on the warm-up from 12/7/18?

a)

$33.60

b)

1600 x .042 x .5

c)

4.2%

d)

1/2

6.

What is the answer and work to #3 on the warm-up from 12/7/18?

a)

$51.25

b)

20500 x .03 x (1/12)

c)

3%

d)

1/12

7.

What is the answer to #1 on the warm-up from 12/13/18?

a)

$540.77

b)

$539.22

c)

$577.40

d)

$450.77

8.

What is the answer and work to #2 on the warm-up from 12/13/18?

a)

$4032.00

b)

32

c)

4000 x .016 x .5

d)

4000 + 32

9.

What is the answer to #3 on the warm-up from 12/13/18?

a)

bank statement

b)

check register

c)

we must add it in

10.

What is the answer to #1a on the warm-up from 12/14/18?

a)

.25%

b)

25%

c)

2.5%

11.

Do we add or subtract purchases from our balance on a credit card?

a)

add

b)

subtract

c)

multiply

12.

Do we add or subtract a payment from our balance on a credit card?

a)

add

b)

subtract

c)

multiply

13.
Define; Charge
a)
Dollar Amount of something you bought on your credit card
b)
Statement sent to you once a month
c)
Increase in APR if you are more than 60 days late paying
d)
APR that is lower for a year OR until a specific date
14.
Define; Credit Limit
a)
Maximum amount you’re allowed to charge on your credit card
b)
Dollar Amount of something you bought on your credit card
c)
The amount you pay on Unpaid Balance
d)
PR Divided by 12 – Interest charged per month
15.
Define; APR
a)
Stands for “Annual Percentage Rate” – ANNUAL interest rate
b)
Statement sent to you once a month
c)
The amount you pay on unpaid balances
d)
Dollar Amount of something you bought on your credit card