Business Math Diagnostic Test

How much interest will you earn if you deposit $3,000 in the bank at a simple interest rate of 5% for 4 years? $600 How much money will you have in the bank after 10 years if you deposit $5,000 at an interest rate of 1.5%? $5750 You decide to buy a T-shirt. What is the sale price of the T-shirt? $9 Chips and soda for the 8th-grade dance cost $175 plus 6% tax. What is your total cost? $185.50 The seventh grade class at Morgan Middle School has collected $150 for its annual class party. The circle graph shows how the money will be spent on the party.How much will be spent on Paper Products? $22.50 You go out to eat your bill is $75.80. You want to leave a 20% tip. What is your total cost? $90.96 You are selling cupcakes. It costs $2.10 to make a cupcake. You markup the cupcakes 75%. What is the selling price for each cupcake? $3.68 What is the discount for an $896 laptop that is on sale for 15% off? $134.40 The bar graph displays the number of stolen bases Trea Turner had over the last three years. What was his percent of change from 2016 to 2017? Round to the nearest tenth. 0.4% increase You bought lunch for $9.00 plus 6% sales tax. How much change will you receive from $20.00? $10.46 You are going shopping for a new tablet. Two stores have the tablet you want at different prices and different sales. Where should you buy your tablet? (Which store does the tablet cost the least?) Store B You spent 30 minutes doing math homework last week. This week you spent 45 minutes. What is your percent of change in the number of minutes you did homework from last week to this week? 50% increase A store can buy a football for $30. They sell them with a 55% markup. What is the amount of markup? $16.50 You go out to eat and your meal costs $43.75. How much tip should you leave if you want to leave a 15% tip? $6.56 You have $445.03 in your checkbook.You write a check for $64.13 for groceries.You deposit your paycheck of $450.You write a check for $32.78 for school supplies.You also write a check for $205.78 for new sneakers.What is your ending balance? $592.34 You had a score of 90 on your first test. You score 83 on your second test. What was your percent of change from the first test to the second test? Round your answer to the nearest whole number. 8% decrease