Exam 1: Review and Applications of Basic Mathematics

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Evaluate the following: -Evaluate the following: -

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The following fraction has a terminating decimal equivalent form. Express its decimal and percent equivalent forms to five-figure accuracy: The following fraction has a terminating decimal equivalent form. Express its decimal and percent equivalent forms to five-figure accuracy:

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$4.55 is what percent of $9100?

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30 m is what percent of 3 km? Calculate to three-figure accuracy.

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The maximum amount an individual can contribute to her Registered Retirement Savings Plan (RRSP) for a year is set from time to time by the Regulations of the Income Tax Act. For the year 2010, the maximum contribution was the lesser of $22,000 or 18% of the individual's "earned income" during 2009. What was the lowest amount of earned income for 2009 at which an individual could make a $22,000 contribution in 2010? (Round to the nearest dollar.)

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Evaluate the following : -Evaluate the following : -

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Unusually high snowfall during the past winter resulted in Brockton's costs for snow plowing and removal to reach $320,200. This represents 127% of its budgeted cost. Rounded to the nearest $100, what amount did Brockton budget for snow clearance?

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$8.75 is 0.0? % of what amount?

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Evaluate Evaluate

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A municipality requires an extra $3,000,000 for its operating budget next year. The current mill rate is 8.3573 and the assessed values of properties in the municipality remains constant at $8.58 billion. Calculate next year's mill rate.

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Evaluate the following accurate to the nearest cent: Evaluate the following accurate to the nearest cent:

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Convert the following fraction to its decimal equivalent and percent equivalent values, rounded to five figures: Convert the following fraction to its decimal equivalent and percent equivalent values, rounded to five figures:

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What is his total remuneration for a two-week period in which he worked 4.5 hours overtime at time-and-a-half?

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Evaluate Evaluate

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A class of 25 students wrote a term test. The results out of 30 marks are as follows: A class of 25 students wrote a term test. The results out of 30 marks are as follows:   What was the average score on the test? What was the average score on the test?

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$559.35 is 113% of what amount? Calculate to three-figure accuracy.

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$134 is what percent of $67? Calculate to three-figure accuracy.

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A customer has a first mortgage of $100,000 at 5.5% and a second mortgage of $50,000 at 7.8%. What is the average rate of mortgage that the customer pays?

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Evaluate the following accurate to the nearest cent: Evaluate the following accurate to the nearest cent:

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A survey of 254 randomly chosen residences in a city revealed that 4 had four television sets, 22 had three sets, 83 had two sets, 140 had one set, and 5 had no TV set at all. Based on the survey, what would you estimate to be the average number of TV sets per household?

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