Question 7: Last month, the balance in Tisha’s checkbook was $1219.17. Since then she has deposited her latest paycheck of $2425.66 and written checks for $850.00 (rent), $235.89 (car payment), and $418.37 (credit card payment).

What is the current balance in Tisha’s checking account?

  1. $921.40
  2. $2,140.57
  3. $3,215.27
  4. $3,929.92
  5. $5,149.09




Question 8: Byron purchased a $5,000 certificate of deposit (CD) at his local bank. The CD will pay him 7% simple interest. How much INTEREST, in dollars, will Byron have earned from his CD at the end of a 2-year period?

Directions: Select the one best answer to each question.

Maggie borrows $10,000 for her business at 10% simple yearly interest. She will pay it back over 2 years. If she pays 24 equal monthly payments, how much is each monthly payment? 

$500
$600
$800
$1000
$400



A painter rented a wallpaper steamer at 9:00 am. He returned it at 4:00 pm. He paid a total of $28.84. What was the rental cost per hour?

A) $2.43
B) $3.61
C) $4.12
D) $5.77

What is the value of 36x - 8y^2 when x = 3 and y = -6

A) -288
B) -180
C) 1,200
D) 3,600

Annie is planning a business meeting for her company. She has a budget of $1,325 for renting a meeting room at a local hotel and providing lunch. She expects 26 people to attend the meeting. The cost of renting the meeting room is $270. How much can she spend on each meal?


Would you Rather . . .

Buy a package of waffle mix for $4.99

OR

Buy a package of frozen waffles for $2.79?

Whichever option you choose, please justify your reasoning with mathematics.