consumer math questions

Question

Your checkbook register shows these activities for the month.

Old balance: $134.56

Check 512 to Good Stuff for $32.19

Deposit: $345.12

Check 513 to Hometown Apt. for $250.00

Check 514 to Farland Grocery for $16.65

Check 515 to Dr. Scott for $45.00

What is your new checkbook balance?

1. $225.64
2. $169.14
3. $135.84
4. $122.45

You received your monthly bank statement and you are reconciling your account balance using the information below.

What is the true balance of your checking account?

Check Register Balance $314.97

Bank Statement Balance $423.68

Outstanding Checks $123.71

Service Charge $15.00

1. $191.26
2. $284.97
3. $299.97
4. $408.68

Barbie's passbook savings account started out with $120.00 as last month's balance. Since then, she has made two deposits of $25.67 and $133.54, a withdrawal of $145.00, and interest added of $3.60.

What is her current balance?

1. $130.61
2. $137.81
3. $163.48
4. $282.81

Pam deposited $890 in a savings account with three percent simple interest.

How much interest will she earn in five years?

1. $133.50
2. $103.30
3. $96.33
4. $26.70

Use the formula A=P(1+r/n)^nt

 to find the amount in a compound interest account after t years, compounded n times a year. Mary deposited $5,600 in an account, which compounded 1.9 percent quarterly, and left it there for 10 years.

What was the amount in the account at the end of 10 years?

Round to the nearest dollar.

1. $7,120
2. $6,769
3. $6,026
4. $5,872

Kerry's credit card statement showed these items.

Last Balance Payments Finance Rate New Charges $98.32 $30.00 1.5% $58.28 What is the finance charge on the unpaid balance?

1. $1.02
2. $1.90
3. $1.92
4. $2.35

Jamal borrowed $316 for nine months. He paid it off by paying $38.27 monthly.

What will he pay in finance charges?

1. $26.52
2. $28.43
3. $32.44
4. $34.44

Answer 1

$135.84 is the new balance

just be careful punching in the numbers into a calculator

new balance = old balance + deposit - checks

one way to try to check the answer is just add & subtract the last digits of the old balance, deposit & checks, but that gives a 4 and only eliminates the last choice.