Applied Math 2nd Quarter Pre/Post Test

Instructions: DO NOT WRITE ON THIS TEST. Do your best.

1) Christopher deposited a check for $86.55 and a check for $387.44. He received $75.00 in cash. What
was his total deposit?

a) $548.99 b) $547.99 c) $398.99 d) $399.99

2) Write the following amount in word form as it would appear on a check. Express the amount in cents as
a fraction of a dollar: $387.21

3) Your balance is $189.47 on June 23. You write a check for $41.95 on June 24. You write another check
for $64.82 on June 26. On June 29, an AT (automatic transfer) deposit of your paycheck of $228.34
was made. What is your new balance?

a) $310.04 b) $311.04 c) $311.05 d) $310.05

4) Steve Cabrera received his bank statement for April. His previous balance was $740.16. His total
deposits for the month were $655.37. His total withdrawals were $1,108.29. What is his present
balance?

a) $286.24 b) $286.25 c) $287.24 d) $287.25

5) Complete the table.

Check Interest Service New Statement Outstanding Outstandin Adjusted

register Charge balance Balance Checks g Deposits Balance
balance

$176.55 $0.00 $4.34 i) ------------ ------------- -------------- ----------

-

------------ ----------- ---------- ----------- $477.09 $404.93 $100.05 ii)

6) Tula Woods uses online banking. Last month Woods had these charges: basic charge of $6.95, 7
service charges at $0.50 each, and $5.00 to replace a lost card. Woods also had ATM fees of $4.00 for
out-of-network use and a cash advance fee of 2 percent of $200. What are the total fees?

a) $23.05 b) $23.25 c) $23.45 d) $23.55

7) Find the subtotal and total deposit.

Deposits Subtotal Less Cash Received Total Deposit

$93.44 i) $35.50 ii)

$12.58
$102.66
8) Write each amount in words as it would appear on a withdrawal slip: $21.44

9) Murphie Wohler has been saving to buy a big-screen TV. The total purchase price is $2,359.04. She
fills out a withdrawal slip for the amount. Her savings account number is 8642-00-908.

i) Write the account number.

ii) Write the amount as a numeral.

iii) Write the amount in words.

10) Previous balance, $650.25; Interest, $4.02; deposit, $125.44; withdrawal, $50. What is the new
balance?

a) $729.51 b) $719.61 c) $719.71 d) $729.71

11) Complete the chart. Find the interest.

Principal Rate Time Interest

$328.00 5% 3 months

a) $4.09 b) $4.10 c) $4.11 d) $4.12

12) Dak Nardo deposited $350 into a new regular savings account that earns 6.5% interest compounded
annually. He made no other deposits or withdrawals. What was his amount in the account at the end of
1 year?

a) $373.12 b) $372.12 c) $373.13 d) $372.13

13) Imagine you deposit $4,500 into an account that pays 5.5% interest compounded daily. How much
interest will you earn in 30 days?

a) $20.33 b) $20.34 c) $20.35 d) $20.36

14) Walton Clark deposited $1,750 into an ordinary annuity at the end of each quarter in an account
earning 8% interest compounded quarterly. What is the future value of the account in 3 years?

a) $23,471.16 b) $23,371.16 c) $23,371.20 d) $24,371.16

 15) Compute the sales tax: Total selling price $654.34; sales tax rate 5%

a) $30.72 b) $32.72 c) $33.72 d) $34.72

16) Gene DeWitt purchases a paper shredder for $99.95 and a case of computer paper for $24.95. The
sales tax rate is 7.5%. What is the total purchase price?

a) $134.27 b) $135.27 c) $143.27 d) $143.26

17) James purchased a 32-ounce bag for $1.99. What is the unit price (to the nearest tenth of a cent)?

a) 6.3 cents per oz. b) 5.3 cents per oz. c) 6.2 cents per oz d) 5.2 cents per oz

18) A box of 7.5-ounce size crackers costs $2.50. Also advertised was the 10.5-ounce size for $3.29.
Based on the price alone, which one is the better buy?

a) 7.5 ounce b) 7.6 ounce c) 10.6 ounce d) 10.5 ounce

19) Compute the final price.

Item Total Selling Price Coupon Final Price

Dog food $15.97 $1.25

a) $14.75 b) $14.72 c) $41.72 d) $41.27

20) Jason Slaugh purchased a pair of shoes for $69.99. The regular selling price is $89.00. What was the
markdown?

a) $19.10 b) $91.10 c) $19.01 d) $91.01

21) Complete the table. Find the markdown and sale price.

Regular Selling Price Markdown Rate Markdown Sale Price

$349.75 25.00% i) ii)