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MATH 101 Chapter 9 (Part 1)

Practice questions for Math 101 or Math 121
Course

Math Corequisite (Math 101)

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Academic year: 2022/2023
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MATH 101 Chapter 9 Worksheet (Part 1)

  1. A couch with a list price of $1900 will be discounted 35% at the time of purchase. What is the sale price before taxes?

A) $

B) $

C) $

D) $

  1. The average price of a certain model of pickup truck in 1993 was $17,500. In 2011 , the average price of the pickup truck was $25,900. What is the percentage increase in the average price of the pickup truck?

A) 32%

B) 0%

C) 48%

D) 0%

  1. Suppose you wish to borrow $300 for two weeks and the amount of interest you must pay is $20 per $100 borrowed. What is the APR at which you are borrowing money?

A) 20%

B) 0%

C) 540%

D) 520%

  1. Suppose that $16,000 is deposited for eight years at 3% APR. Calculate the interest earned if interest is compounded weekly. Round your answer to the nearest cent.

Formulas:

A) $4321.

B) $4303.

C) $4338.

D) $4339.

  1. A payday loan is made for four weeks, where the amount of interest owed per $ borrowed is $30. If you borrow $1100 for four weeks, how much do you owe at the end of the four weeks?

A) $

B) $

C) $

D) $

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MATH 101 Chapter 9 (Part 1)

Course: Math Corequisite (Math 101)

5 Documents
Students shared 5 documents in this course
Was this document helpful?
MATH 101 Chapter 9 Worksheet (Part 1)
1. A couch with a list price of $1900 will be discounted 35% at the time of purchase.
What is the sale price before taxes?
A) $665
B) $1235
C) $570
D) $1425
2. The average price of a certain model of pickup truck in 1993 was $17,500. In 2011, the
average price of the pickup truck was $25,900. What is the percentage increase in the
average price of the pickup truck?
A) 32%
B) 0.48%
C) 48%
D) 0.32%
3. Suppose you wish to borrow $300 for two weeks and the amount of interest you must
pay is $20 per $100 borrowed. What is the APR at which you are borrowing money?
A) 20%
B) 0.2%
C) 540%
D) 520%