WHS Sr. Math Fall Final Dec 10, 2024

Front

Calculate the subtotal of the items that have food tax: CA Redemp Va 10.99, CLS Coke 14.99 A, Ricekrispies 11.99, (2) Rotisserie Chicken 6.99 A, Downy Fabric 13.99 A, and KS Sport VTY drink 11.99

Back

$42.96

Front

FICA stands for:

Back

Federal Insurance Contribution Act

Front

One of the best and most important benefits of owning an EV car is that:

Back

They have 0 emissions.

Front

Jesus is investing $20,000 in a savings account, that pays 2.75% interest compounded 4 times a year for 7 years. What is the amount of money that Jesus has after 7 years?

Back

$24,229.56

Front

Mr. Hodges' home in 2001 cost about $200,000, and today December 2024 his home would cost $525,000. What is the percent of increase?

Back

162.5%.

Front

What is the formula for calculating compound interest?

Back

A = P(1 + r/n)^(nt), where A is the amount, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.

Front

Define 'percent increase'.

Back

Percent increase is calculated as ((new value - old value) / old value) * 100.

Front

What is the significance of FICA in the U.S. tax system?

Back

FICA is a federal payroll tax that funds Social Security and Medicare.

Front

What does 'compounded quarterly' mean?

Back

Interest is calculated and added to the principal four times a year.

Front

What is the difference between simple interest and compound interest?

Back

Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal and also on the accumulated interest.