The correct answers are:
#1) D. $10 down with equal payments of $5 for 24 weeks ; #2) C. Test your actual skills, such as typing; #3) B. $2750; #4) D. 7%; #5) A. Accompany your portfolio; #6) B. 27%; #7) B. 45; #8) A. $1337.91; #9) D. $394.50; #10) C. 36%; #11) C. $660.88; #12) B. Overdraft; #13) B. $241.68; #14) C. $157.61; #15) C. $196.85; #16) D. $362.50; #17) D. $852.50; #18) B. Average; #19) D. 20-30 years; #20) C. $379.97.
Step-by-step explanation:
#1) $20 down with equal payments of $10 for 12 weeks would be 20+10(12) = 20+120 = $140. $0 down with equal payments of $15 for 9 weeks would be 0+15(9) = $135. $5 down with equal payments of $10 for 15 weeks would be 5+10(15) = 5+150 = $155. $10 down with equal payments of $5 for 24 weeks would be 10+5(24) = 10+120 = $130; this is the best deal.
#2) An aptitude test measures your aptitude, which is your ability. This means it would test specific skills.
#3) Their home is valued at $110,000 and the tax rate is 25 mills per $1.00; to calculate this, we multiply the value by the tax rate and divide by 1000:
110000(25) = 2750000/1000 = 2750
#4) $2,704.94 for $38,642.00 in sales would be a rate of:
2704.94/38642.00 = 0.07 = 7%
#5) The purpose of an application letter is to gain the interest of a prospective employer. You want to get them to read your resume; this means it is to accompany your portfolio.
#6) $200 out of her $740 income is
200/740 = 0.27 = 27%.
#7) The ratio of dogs to cats is 3:2, or 3/2. We can use this to set up a proportion:
3/2 = x/30
Cross multiply:
3*30 = 2*x
90 = 2x
Divide both sides by 2:
90/2 = 2x/2
45 = x
#8) We take the initial deposit of $1,644.50 and subtract $190, $45, $7.50, $30, $5.59, $7.20, and $21.30:
1644.50 - (190+45+7.50+30+5.59+7.20+21.30) = 1644.5-306.59 = $1337.91
#9) $6 an hour for 40 hours of regular time is 6(40) = 240. 6 1/2 hours of overtime at time-and-a-half is 6(1.5) = $9 for each hour, for 6 1/2 hours: 9(6.5) = 58.50. 8 hours of holiday pay at double pay is 6(2) = $12 for each hour, for 8 hours: 8(12) = 96. This gives us a total of
240+58.50+96 = $394.50.
#10) The extra amount comes out to 36% actual yearly interest.
#11) Starting out with $785.63, we subtract $57.00 and $125.00, and then we add $57.25:
785.63-57-125 = 603.63+57.25 = $660.88
#12) Overdraft protection, or an overdraft loan, protects you from bouncing a check in the event that you do not have sufficient funds in your account.
#13) $228.00 with 6% sales tax would be:
228(1.06) = $241.68
#14) $215 with $15.16 FICA tax is
215-15.16 = 199.84.
After $29.33 income tax we have
199.84-29.33 = $170.51
Deducting 2% state tax means we deduct 0.02(215) = $4.30;
170.51-4.30 = 166.21
Deducting 1% city tax means we deduct 0.01(215) = $2.15;
166.21-2.15 = 164.06
Deducting 3% retirement means deduct 0.03(215) = $6.45;
164.06-6.45 = $157.61.
#15) The conversion from meters to inches is 39.3701; 5(39.3701) = 196.8505, which rounds to 196.85.
#16) Earning $12.50 an hour, she works a total of 4+6+9+3+7 = 29 hours; 29*12.50 = $362.50
#17) $11.00 for 40 hours of regular time gives us 11(40) = $440. 9 hours of overtime at time-and-a-half is 11(1.5) = 16.50 for 9 hours, or 16.50(9) = $148.50. 12 hours of holiday pay at double pay is 11(2) = 22 for 12 hours, or 22(12) = $264. This gives us a total of
440+148.50+264 = $852.50.
#18) The mean is another word for the average of a data set.
#19) The average home loan is for 20 to 30 years. This is because people generally purchase a mortgage with the intention of staying a lifetime.
#20) The January 18 balance was $324.18. Taking off the three checks that had not been returned, this gives us
324.18 - 15 - 77.49 - 124.28 = 107.41.
To create the balance of $487.38 she would have had to deposit
487.38-107.41 = $379.97.