lio bought a backpack for $39.95 and
2 belts for $17.99 each. The sales tax is 6.5%. How
much did Julio spend for all the items, including
tax?
A $61.71
B $75.93
C $80.87
D $98.01
Each year on the same day, Susan deposits $275
into a savings account that earns simple interest at
a rate of 4.5%. She makes no withdrawals. In 5
years, how much interest does the account earn?
A $12.38
B $61.90
C $99.01
D $185.64
4 Luke can purchase a 12-pound item from several
different retailers. Which of the following is the
best buy?
A Buy online for $15 plus pay shipping and
handling costs of $0.79 per pound.
B Buy online for $17 plus pay shipping and
handling costs of $0.69 per pound
.
C Buy at a local store where the item’s price is
$24.99, and use a $3-off coupon.
D Buy at a local store where the item’s regular
price is $22.50 and it is on sale for 10% off.
5 Which of the following is an example of a variable
expense?
A rent
B groceries
C wages
D car insurance
The Lopez family is moving to another city.
An online budget estimator says their required
monthly income will be $5,900. How much more
per month will they need to live in the new city?
A $300
B $400
C $500
D $600
8 Quinn lives in a house with a value of $235,000.
She has a mortgage of $170,000. She owes $5,900
on her car, which is valued at $17,900. She has a
credit card balance of $823. Quinn also has $1,200
in a bank account. What is Quinn’s net worth?
A $76,177
B $77,377
C $82,900
D $84,100
9 Trisha bought a flower vase that costs $25 and a
rug that costs $48, not including tax. She received
a 5% discount on the cost of the flower vase and a
10% discount on the cost of the rug.
What is the cost for both items that Trisha bought
after the discount, not including tax?
A $62.05
B $66.95
C $68.10
D $79.05
10 Agnes put $500 into an account that earns 2%
simple annual interest. How much money will she
have in the account after 6 years if she makes no
withdrawals or deposits?
A $60
B $560
C $1,100
D $6,500
my answers are
b or c
c
b
a
c
b
a
c
c
helps is appreciated thanks! :)Ju
6 not posted here
7 b
question 7
The Lopez family is moving to another city.
An online budget estimator says their required
monthly income will be $5,900. How much more
per month will they need to live in the new city?
A $300
B $400
C $500
D $600
+Ms. Sue are the ones above right
1. c
2. b
3. not posted here
4. a
5. d
6. b
1. b or c - which one?
2. c - no
3. b - ?
4. a - no
5. c - no
If you post correct answers to the above, I'll check your other answers.
b
b
a
d
b
Let's go through each question and I'll explain how to get the answer:
1. To find out how much Julio spent for all the items including tax, we need to calculate the total cost. First, calculate the cost of the two belts: 2 belts * $17.99/belt = $35.98. Now, add the cost of the backpack to get the subtotal: $35.98 + $39.95 = $75.93. To calculate the tax, multiply the subtotal by the tax rate: $75.93 * 0.065 = $4.94. Finally, add the tax to the subtotal to get the total cost: $75.93 + $4.94 = $80.87. So the answer is C.
2. To find out how much interest the account earns in 5 years, we need to use the formula for simple interest: Interest = Principal * Rate * Time. In this case, the principal is $275, the rate is 4.5% (or 0.045 as a decimal), and the time is 5 years. Plug these values into the formula: Interest = $275 * 0.045 * 5 = $61.88 (rounded to the nearest cent). So the answer is B.
3. To compare the best buy for the 12-pound item, we need to calculate the total cost for each option. For option A, the cost is $15 + (12 pounds * $0.79/pound). For option B, the cost is $17 + (12 pounds * $0.69/pound). For option C, the cost is $24.99 - $3 = $21.99. For option D, the price after the 10% discount is $22.50 - (10% * $22.50) = $20.25. Comparing the total costs, we can see that option D has the lowest cost. So the answer is D.
4. To determine which expense is a variable expense, we need to understand the definition. Variable expenses can change from month to month, unlike fixed expenses. Rent, groceries, and car insurance are typically fixed expenses. Wages, on the other hand, can vary depending on hours worked or additional income sources. So the answer is C.
5. To calculate how much more per month the Lopez family will need, subtract their current monthly income from their required monthly income: $5,900 - current monthly income (not given in the question). The answers do not provide enough information to determine the exact amount, so you cannot answer this question based on the information provided.
6. To calculate Quinn's net worth, subtract her total debts from her total assets. Her assets include the value of her house ($235,000), the value of her car ($17,900), and the amount in her bank account ($1,200) for a total of $235,000 + $17,900 + $1,200 = $254,100. Her debts include her mortgage ($170,000) and her credit card balance ($823) for a total of $170,000 + $823 = $170,823. Subtract her total debts from her total assets: $254,100 - $170,823 = $83,277. So the answer is B.
7. To calculate the cost of both items after the discounts, we need to find the discounted price for each item separately. The discount on the flower vase is 5%, so the discounted price is $25 - (5% * $25) = $25 - $1.25 = $23.75. The discount on the rug is 10%, so the discounted price is $48 - (10% * $48) = $48 - $4.80 = $43.20. Add the discounted prices of both items: $23.75 + $43.20 = $66.95. So the answer is B.
8. To calculate the future value of the account after 6 years, we need to use the formula for compound interest: Future Value = Principal * (1 + Rate)^Time. In this case, the principal is $500, the rate is 2% (or 0.02 as a decimal), and the time is 6 years. Plug these values into the formula: Future Value = $500 * (1 + 0.02)^6 = $500 * (1.02)^6 = $560. So the answer is B.
I hope this helps! Let me know if you have any other questions.
1. b - no
2. b - yes
What is question 3?
a -- is this question 4?
d
b
Please number your answers.
1. c - yes
2. b - yes
3. not posted here
4. a - no
5. d - no
6. b - which one is number 6?
7. That depends upon what they live on in the old city.
Every time you post you leave something out.
If you still want help, please post a complete question 7, plus questions 8 - 10 along with your numbered answers. Use Post a New Question for this clarification -- and be sure to PROOFREAD!!!!!