2022-2023 CCR Chapter 7 Test Review

Mary buys 2.16 pounds of ham for $4.76 per pound and 2.30 pounds of cheese for $3.37 per pound. She gives the clerk $20.00. If there is no sales tax on these items, how much change should she receive?

• $18.03

• $1.97

• $10.28

• $7.75

A gallon of gas costs an average of $2.34. If you plan on using 34 gallons in a month, how much money do you spend in gas in a year?

• $408

• $79.56

• $954.72

A pair of jeans that usually sales for $71.50 is on sale at 30% off, and you have a coupon for 10% off any purchase. Find the sale price including the coupon.

• $42.90

• $28.60

• $45.05

• $2.15

What is the monthly take home pay for $1,463 every other Friday.

Hint: find the daily pay then the monthly pay

• $2,926.00

• $3,169.83

• $3,000.00

• $3,178.54

Find the annual cost of the expense: A breakfast sandwitch every weekday for $3.95.

• $1,027

• $205.40

• $513.50

• $1,441.75

Find the amount left at the end of the month:

Income: $$1,150; Expenses: Rent-$250, Car Ins.-$173.25, Cell Phone-$49.99, Utilities-$95, Insurance-$49.70

• $1,150

• $532.06

• $1,767.94

• $617.94

Separate answers with a comma. Include $ sign for all money answers.

Find the Simple interest AND Future value for the following: A loan for $3,600 for 3 years at a rate of 8%

• Interest $864

  Future Value $3,600

• Interest $864

  Future Value $4,464

• Interest $288

  Future Value $3,888

• Interest $4,464

  Future Value $864

Find the interest on each loan using the banker's rule:

(Take number of days and divide by 360 not 365)

Loan for $2,200 at a rate of 4.3% for 30 days.

• $201.67

• $7.77

• $94.60

• $7.88

• $800

• $6,400

• $6,988.89

• $588.89

What is a better investment:

A. 4.5% compounded semiannually

B. 4.25% compounded quarterly

• A

• B