Download presentation

1
**Consumer Math Mastery test a**

Chapter 4 Practice Test Consumer Math Mastery test a

2
Chapter 4 Practice Test 1. Eric’s income is $766 every two weeks. Use the renter’s rule to compute the most Eric should spend for rent each month. $766 ÷ 2 = $383 * Renters Rule: The renter’s rule says you should spend no more than one week’s income for a month’s rent.

3
Chapter 4 Practice Test 2. If Eric pays $375 for rent each month, what is his total rent paid in one year? $375 x 12 = $4500

4
Chapter 4 Practice Test 3. Ms. Burke earns $32,000 per year and plans to buy a house. Use the banker’s rule to determine her maximum allowable mortgage. $32,000 x 2.5 = $80,000 * Banker’s Rule: The banker’s rule says that you may borrow up to 2.5 times your annual income to buy a home.

5
Chapter 4 Practice Test 4. Leo wants to buy a house for $128,000 with a 20% down payment. How much will his down payment be? $128,000 x .20 = $25, What is the amount of the mortgage for Leo’s house? $128,000 - $25,600 = $102,400

6
Chapter 4 Practice Test 6. What is the monthly payment on an 8% 30-year mortgage for $68,000? $7.34 x 68 = $499.12 7. Compute the total amount repaid on a mortgage for $70,000 at 9% for 35 years. $7.84 x 70 = $548.80 $ x 420 = $230,496

7
Chapter 4 Practice Test 7614 8322 10. Compare the two electric meter readings above. How many units of electricity were used during the month of April? 8322 – 7614 = 708

8
Chapter 4 Practice Test 11. The natural gas rate is $0.72 per unit. A customer uses 158 units. How much is the bill? $0.72 x 158 = $ The monthly flat rate for Tim’s telephone is $ He is charged $1.85 for a long distance call and $1.76 for taxes. What is the total bill? $ $ $1.76 = $23.56

9
Chapter 4 Practice Test 13. Find Jessica’s utility expenses. The following amounts are due: Telephone, $18.56 Water, $2.73 Electricity, $39.92 Gas, $37.84 $ $ $ $37.84 = $99.04

10
Chapter 4 Practice Test 14. A wood frame house in Area A; its value is $56,800. $56,800 x = $255.60 15. A brick house in Area B; its value is $98,000. $98,000 x = $401.80

Similar presentations

OK

2.10% more children born Die 0.2 years sooner Spend 95.53% less money on health care No class divide 60.84% less electricity 84.40% less oil.

2.10% more children born Die 0.2 years sooner Spend 95.53% less money on health care No class divide 60.84% less electricity 84.40% less oil.

© 2018 SlidePlayer.com Inc.

All rights reserved.

Ads by Google

Ent anatomy and physiology ppt on cells How to download slideshare ppt on negotiations Ppt on telephone etiquette training Ppt on biodegradable and non biodegradable materials list Ppt on congruent triangles for class 7 Ppt on personal grooming and etiquette Ppt on fire extinguisher types pictures Ppt on types of clothes Ppt on fire safety measures Ppt on water and air pollution