quiz 15 7.1 - 7.16

Question 1

Find the percent budgeted for each based on a monthly salary of $3,200:
tithe - $384

Answer 1

12%

Question 2

Find the percent budgeted for each based on a monthly salary of $3,200:
mortgage - $864

Answer 2

27%

Question 3

Find the percent budgeted for each based on a monthly salary of $3,200:
utilities - $288

Answer 3

9%

Question 4

Find the percent budgeted for each based on a monthly salary of $3,200:
food - $448

Answer 4

14%

Question 5

Find the percent budgeted for each based on a monthly salary of $3,200:
medical - $160

Answer 5

5%

Question 6

a plan to spend money

Answer 6

budget

Question 7

an insurance payment

Answer 7

premium

Question 8

a person who benefits from a life insurance policy

Answer 8

beneficiary

Question 9

required money paid to a government

Answer 9

tax

Question 10

a protection against material loss

Answer 10

insurance

Question 11

Melanie Brain had a balance of $1,895 in her checking account before she deposited $347.65 and wrote a check for $278. Find her new balance.

Answer 11

$1964.65

Question 12

Luke Luckless bought $150,000 of straight life insurance at the rate of $12.75 per thousand dollar unit. What is his yearly premium?

Answer 12

$1912.50

Question 13

Nicole Donnaldson borrowed $1200 for 1 year at a rate of 11%. What was the simple interest?

Answer 13

$132

Question 14

Bobby Buckett’s medical insurance paid 80% of a $17,000 surgery charge. What percent did Mr. Buckett have to pay?

Answer 14

20%