Module 2 Topic 2 Review

Noah invested $1500 in an account paying 2.5% simple interest. How much was his account worth after 3 years?

• $1575.50

• $1600

• $1612.50

• $1650

Tags

CCSS.7.RP.A.3

Jose used to budget $300 for each month for groceries. He decided to change his budget for groceries to $275 this month. By what percentage was Jose’s budget for groceries reduced this month?

• 8.33%

• 10%

• 12.5%

• 25%

Tags

CCSS.6.RP.A.3C

Aaron earns $1200 a month at his job. The table shows how much he spends each month. Based on the table, which statement is true?

• Aaron spends 25% of his budget on his car.

• Aaron spends about 28% of his budget on food and his cell phone.

• Aaron spends 50% of his budget on clothes and savings for college.

• Aaron spends 5% of his budget on other.

Tags

CCSS.6.RP.A.3C

The table below shows John’s statement of his net worth. Assets are shown as positive numbers, and liabilities are shown as negative numbers. The value of John’s student loan obligation is not given. John’s net worth is $242,500. Based on the information in the table, what is the current value of John’s student loan obligation?

• $10,000

• $15,000

• $5,900

• $25,000

Tags

CCSS.7.NS.A.1B

The table shows Rochelle’s net worth statement. Assets are shown as positive values and liabilities are shown as negative numbers. Based on the information in the statement, what is Rochelle’s net worth?

• $45,875

• $15,000

• $22,000

• $18,500

Tags

CCSS.7.NS.A.3

The Ramirez family has created a list of anticipated monthly expenses. Determine the percentage of the monthly expenses represented by each category shown below. Round to the nearest percent.

Property: ​ (a)  

Food: ​ (b)  

Entertainment and Transportation: ​ (c)  

• 10%
• 20%
• 15%

The Ramirez family has created a list of anticipated monthly expenses. Mr. and Mrs. Ramirez have a total monthly income of $5150. What percentage of their income is used to pay for mortgage and property tax? Round to the nearest percent.

• 25%

• 30%

• 20%

• 15%

Tags

CCSS.6.RP.A.3C

Mark and Celeste have a total monthly income of $2000 after taxes. Last month, they spent $610 on food and $210 on utility bills. What percentage of their after-tax income was spent on food and utility bills?

• 41%

• 11%

• 46%

• 51%

Tags

CCSS.6.RP.A.3C

The table lists Emily and Joe’s assets and liabilities. What is their net worth?

• $50,000

• $75,000

• $92,185

• $125,000

Tags

CCSS.7.EE.B.3