Financial Algebra

Sandra has $500 in a savings account that earns 1% annual interest. She leaves that money in the account for 5 years. If inflation averaged 2% per year, what happened to the purchasing power of her savings?

• It increased

• It decreased

• It stayed the same

• It matched inflation

Rupert makes $1,600 bi-weekly.

Find his annual salary.

• $19,200

• $83,200

• $41,600

• $61.54

How much is each weekly paycheck?

• $1,352.50

• $1,153.85

• $2,500

• $3,120

Carlos makes $18.25 an hour.

Give the best estimate of his annual pay (40 hours per week).

• $26,500

• $36,500

• $46,500

• $56,500

Derek is placing a 7-line job posting for an assistant. The following piecewise function gives the price of an x-line posting. Find the difference between the cost of a 6-line ad and the cost of a 7-line ad.

• 59

• 68

• 32

• 9

• $41,945

• $10,486.25

• $11,261.25

• $11,286.25

Talia makes $12 an hour.

She gets time-and-a-half for overtime.

Find her weekly pay if she works 45 hours.

• $480

• $540

• $570

De'sean makes $20 an hour. He gets time-and-a-half for overtime. Find his weekly pay if he works 41 hours.

• $830

• $840

• $850

Phil makes $12.50 an hour. He gets time-and-a-half for overtime. Find his weekly pay if he works 50 hours.

• $500

• $587.50

• $687.50

Ana's new job pays her $65.3K a year. How much would her monthly income be? Round to the nearest dollar.