WorksheetsFinancial Literacy Ch 5 Review
Total questions: 14
Worksheet time: 1hrs 3mins
Sophia Montez has a check for $555.50 and a check for $221.25. She also has to deposit $230 to pay bills. She would like to receive $5 in cash and deposit the rest of the money in her savings account. What is the total deposit?
$1,090.22
$1,001.75
$1,098.75
$1,000.56
Andy Eichel deposits the money he made at his garage sale into his savings account. He has 47 twenty-dollar bills, 51 ten-dollars, 25 five-dollars, and 36 one-dollar bills. What is the total deposit?
$1,811
$1,611
$1,711
$1,310
Fifty-seven and 50/100 dollars as a numeral is:
$56.70
$53.40
$34.50
$57.50
Stephen Snell has $400 in his saving account. His annual SIMPLE INTEREST rate is 4%. What is the interest earned after 6 months?
$7
$8
$6
$16
Wilma Hornsby deposits the money collected at her swim club in the club's saving account. She has checks amounting to $143. She also has 1 twenty-dollar bill, 6 ten-dollar bills, 6 five-dollar bills, 81 one-dollar bills, and $32 in coins. What is the total deposit?
$445
$396
$366
$376
Pedro Romar's savings account statement shows a previous balance of $895.00 and $3.50 in interest. He made a deposit of $210.00. He had a withdrawal of $20.50. What is the new balance?
$1,088.00
$1,088.50
$1,098.50
$1,098.00
Lincoln Cook has a check for &667.50 and a check for $126.25. He also has to deposit $482.00 to pay bills. He would like to receive $25.00 in cash and deposit the rest of the money in his savings account. What is the total deposit?
$1,275.75
$1,250.75
$1,375.50
$1,275.00
Colette Yamaguchi's savings account statement is shown below. What is her new balance?
$76
$71
$86
$81
Trina Wilsons' bank calculates interest on a daily basis. Complete the following interest calculation:
$41.35
$46.55
$45.73
$43.63
Latoya Williams' saving account statement is shown below. What is her new balance?
$866.91
$865.19
$866.19
$1,143.05
Asia Desai deposited $6,000 in a savings account that pays 4% COMPOUND INTEREST and is compounded MONTHLY. How many interest did she earn in 3 MONTHS?
$6,060.20
$6,000.00
$20.00
$60.20
Ginger Yui has a principal of $900 in her savings account. It earns 6 percent COMPUNDED INTEREST and is compounded QUARTERLY. What is the amount in the account at the end of the THIRD QUARTER?
$945.22
$941.11
$935.67
$987.33
On June 1, Mary Barkley deposited $1,000 in a savings account that pays 5.5 percent interest compounded daily. How much simple interest was earned on the principal after 25 days?
$3.65
$3.75
$3.55
$3.77
Joaquin Sanchez opened an account at Midwest Savings by depositing $827. The bank pays 5.5 percent interest compounded quarterly. He makes no other deposits or withdrawals. How much interest will be in the account after 1 year?
$46.44
$922.46
$873.44
None of the above
