Financial Mathematics Final UPDATED Actual Exam Questions and CORRECT Answers
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Course
Financial Mathematics
Institution
Financial Mathematics
Financial Mathematics Final UPDATED
Actual Exam Questions and CORRECT
Answers
john works 40 hours a week as a carpenter. he spends 60% of this time building decks and
40% installing siding. john is paid a different hourly wage for each type of labor. let x
represent the hourly wage for bui...
Financial Mathematics Final UPDATED
Actual Exam Questions and CORRECT
Answers
john works 40 hours a week as a carpenter. he spends 60% of this time building decks and
40% installing siding. john is paid a different hourly wage for each type of labor. let x
represent the hourly wage for building decks and yy represent the hourly wage for installing
siding. which expression represents john's weekly income? - CORRECT ANSWER✔✔- 24x
+ 16y
the bennetts spend $10,000.00 on a home improvement project. they make the purchase with
a credit card that has a 9% apr. they decide to make $150.00 monthly payments.
how many months will it take to pay off the credit card balance? - CORRECT ANSWER✔✔-
93
maddie has a gross monthly income of $2200. she has 35% of her paycheck withheld as
deductions.
she pays $400 for rent. what percent of her net monthly pay goes to rent? - CORRECT
ANSWER✔✔- 28
according to the table, what is the tax for a single person with $24,589 in taxable income? -
CORRECT ANSWER✔✔- $2,674
a landscaping company charges a flat rate of $50, plus $15 per acre. John wants a price quote
on the cost of yard work for his plot of land.
which expressions represent the cost of servicing x acres of john's land? select all that apply. -
CORRECT ANSWER✔✔- $50 + $15x
jose wants to start a restaurant and is writing a business proposal. his rent is $1,000 per
month. the monthly operating costs are equal to the wages paid to the employees, w, plus the
business overhead, k. jose wants his monthly sales revenue, x, to be 4 times greater than the
operating costs.
, which expressions show the cost of running the business over the given time period?
match the statements with the function that best represents its cost. - CORRECT
ANSWER✔✔- his yearly profits : 12x-$12,000-12w-12k
his monthly costs of operations : $1000 + w + k
his semiannual costs of operations : 6($1000 + w + k)
his monthly profits : x-($1000+w+k)
his yearly costs of operations : $12000 + 12w + 12k
alice has an income of $52,000. she has an $8,300 exemption for her dependents. her
deductions are $2,560 for medical expenses and, as a teacher, $250 for educational supplies.
what is her net taxable income? - CORRECT ANSWER✔✔- $40,890
maria has a $5,000 investment with an annual compound interest rate of 15.6%.
after how many years will the initial investment have doubled in value? - CORRECT
ANSWER✔✔- 5
review the table with fees for bank a and federal credit union (fcu) b. which statements are
true? select all that apply. - CORRECT ANSWER✔✔- fcu b offers a better option for using
checks.
three overdrafts per month cost more at fcu b.
an ending balance of $250 at bank a costs $5.00.
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