Personal Savings and Consumer Credit: Part One — Test Answers

Which of these policies would be most cost-effective for a person that had a hospital bill over $⁢15,000 ?

Which of these policies would be best for an individual with personal property valued at $⁢40,000 ?

What does the point of intersection of the two gym membership plans represent?

Choose the correct answer from each drop-down menu to complete the statement. To maximize their savings, the university should choose [Dropdown 1] because it will cost [Dropdown 2] less.

In Dahlia's Monthly Budget, [Dropdown 1] is considered an income source.

Using the formula for debt-to-income ratio: debt-to-income ratio is equal to Total Monthly Expense over Total Monthly Income What is Dahlia's debt-to-income ratio?

Samantha works at a bookstore and is paid a fixed amount of $⁢50 per week plus $⁢10 for every book she sells. If y represents her total earnings for a week and x represents the number of books she sells, which equation best represents this situation?

A family budgets $⁢2,755 for monthly necessities and 18% of their total gross income for fun and entertainment. The family wants the ratio of necessities and fun to gross income to equal 0.70 Complete the equation they can use to find the monthly gross income, x , they need to meet these goals.

What is the y -intercept of the linear function y is equal to 3 x minus 6 ?

Skyler invested $6,000 in a bond fund. At the end of the month, Skyler received a return of 3% on the investment. Additionally, Skyler earns a monthly salary of $3,500 and received an overtime payment of $300. In the same month, she received a quarterly bonus of $750. How much did Skyler earn in total for the month?

An employee who is saving for retirement wants the ratio of savings to gross income to be 15% Her employer contributes 5% of each employee's gross income to a retirement savings account. The employee is also saving $⁢95 per paycheck. Complete the equation that can determine the amount she has to make, x , for her savings rate to be 15%

Last year, Nabiha's farm produced 575 kilograms of apples, which she sold at $⁢2 per kilogram, earning her a total of $⁢1,150 This year, due to unfavorable weather conditions, the farm produced only 500 kilograms. If she continues to sell at the same rate of $⁢2 per kilogram, how much revenue will she earn this year, and what was the percent decrease in apple production?

Alexandra works at a digital marketing agency. She has a base salary of $⁢200 per week. Additionally, for every online campaign she manages, she earns $⁢15 In her first month, Alexandra managed a total of 20 campaigns. If she wants to represent her weekly earnings with a linear function, f of x is equal to m x plus b where f of x is her total earnings and x is the number of campaigns she manages, what will be the slope m and the y -intercept values?

Each table represents a linear function. Which linear function has a positive slope?

Designers are working on a product that needs an average production cost of $⁢15.20 per unit. To find the average cost of producing an item, divide the cost to produce a certain number of units, x , by the number of units. The supplier has a setup fee of $⁢2,500 and a cost per unit of $⁢10.62 Complete the equation the designers can use to find the number of units to order to achieve this average production cost.

Which is the graph of y is equal to 2 thirds x plus 5 ?

Jonah manages a pet store and recorded the expenses for pet food in two consecutive weeks. In the first week, the pet food cost $⁢330 In the second week, he spent $⁢359.70 on pet food. What is the percent increase in expenses for pet food from the first week to the second week?

Lila begins work at a flower shop. She earns $⁢90 for every day she works, and she also received a one-time training bonus of $⁢30 on her first day. Which equation represents her earnings, cap e , based on the number of days, d , she has worked?

Camila has renters insurance that covers $⁢20,000 of personal property with a premium of $⁢15 per month and a $⁢500 deductible. Assuming there are no claims, what is the annual cost of her insurance policy?

Myla ran a local cafe with a monthly revenue of $10,000. Due to road construction nearby, the monthly revenue changed to $9,000. Calculate the percent change in the cafe's monthly revenue. Choose the correct answer from each drop-down menu. The cafe's monthly revenue [Dropdown 1] by [Dropdown 2] from the previous month.