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MAT 126 Week 4 Quiz (Ash Course)
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MAT 126 Week 4 Quiz (Ash Course)

This Tutorial was purchased 3 times & rated A by student like you.

 

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Week 4

 

 

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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