MAT 126 Week 4 Quiz
1. Question : A single card is drawn from a deck. What is the probability of getting a queen or a king?
2. Question : In a shop there are 20 customers, 18 of whom will make a purchase. If three customers are selected, one at a time, at random, what is the probability that all will make a purchase?
3. Question : A coat was reduced from $250 to $200. Find the percent of the reduction in price.
4. Question : Find the missing numbers.
5. Question : A company borrowed $1500. It must make monthly payments of $40.50 for 42 months to pay off the loan. Use the constant ratio formula to find the annual percentage rate.
6. Question : A $400 loan is to be paid off in 66 monthly payments of $11.62. The borrower decides to pay off the loan after 18 payments. Use the rule of 78s to find the amount of interest saved.
7. Question : A single card is drawn from an ordinary 52-card deck. Find the probability of getting a heart and a jack.
8. Question : A company borrowed $3100. It must make monthly payments of $178.37 for 18 months to pay off the loan. Use the constant ratio formula to find the annual percentage rate.
9. Question : A coin is tossed and then a die is rolled. Find the probability of getting a 5 on the die given that the coin landed tails up.
10. Question : Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and the new balance on February 1.
11. Question : Find the missing value.
12. Question : In a classroom, the students are 11 boys and 1 girl. If one student is selected at random, find the probability that the student is a girl.
13. Question : Express 3.46 as a percent.
14. Question : The odds in favor of an event are 10:1. Find the probability that the event will occur.
15. Question : Find the maturity value.
16. Question : Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.
17. Question : Find the effective rate when the stated rate is 13.5% and the interest is compounded semiannually.
18. Question : Find the missing numbers.
19. Question : Find the missing value.
20. Question : A tie pin which sells for $200.00 has a markup rate of 30% on the selling price. Find the amount of the markup and the cost.
1. Question : A single card is drawn from a deck. What is the probability of getting a queen or a king?
2. Question : In a shop there are 20 customers, 18 of whom will make a purchase. If three customers are selected, one at a time, at random, what is the probability that all will make a purchase?
3. Question : A coat was reduced from $250 to $200. Find the percent of the reduction in price.
4. Question : Find the missing numbers.
5. Question : A company borrowed $1500. It must make monthly payments of $40.50 for 42 months to pay off the loan. Use the constant ratio formula to find the annual percentage rate.
6. Question : A $400 loan is to be paid off in 66 monthly payments of $11.62. The borrower decides to pay off the loan after 18 payments. Use the rule of 78s to find the amount of interest saved.
7. Question : A single card is drawn from an ordinary 52-card deck. Find the probability of getting a heart and a jack.
8. Question : A company borrowed $3100. It must make monthly payments of $178.37 for 18 months to pay off the loan. Use the constant ratio formula to find the annual percentage rate.
9. Question : A coin is tossed and then a die is rolled. Find the probability of getting a 5 on the die given that the coin landed tails up.
10. Question : Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie's credit card was 7% per month on the unpaid balance, find the finance charge and the new balance on February 1.
11. Question : Find the missing value.
12. Question : In a classroom, the students are 11 boys and 1 girl. If one student is selected at random, find the probability that the student is a girl.
13. Question : Express 3.46 as a percent.
14. Question : The odds in favor of an event are 10:1. Find the probability that the event will occur.
15. Question : Find the maturity value.
16. Question : Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.
17. Question : Find the effective rate when the stated rate is 13.5% and the interest is compounded semiannually.
18. Question : Find the missing numbers.
19. Question : Find the missing value.
20. Question : A tie pin which sells for $200.00 has a markup rate of 30% on the selling price. Find the amount of the markup and the cost.
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