14) Andrea Gilford\'s savings account has a balance of $4582. After 4 years, wha
ID: 3118955 • Letter: 1
Question
14) Andrea Gilford's savings account has a balance of $4582. After 4 years, what will the amount of interest be at 4% compounded quarterly?
A) $91.64 B) $781.76 C) $795.76 D) $790.76
15) Felipe Rivera's savings account has a balance of $782. After 4 years what will the amount of interest be at 10% compounded quarterly?
A) $369.89 B) $378.89 C) $39.10 D) $383.89
Solve the problem.
16) The Wellspring Company's fleet of trucks get 17, 9, 19, 11, 20, 9, and 22 miles per gallon (mpg). What is the mean miles per gallon for the fleet? Round to the nearest whole number.
A) 14 mpg B) 16 mpg C) 18 mpg D) 15 mpg
17) A company that manufactures computer chips wants to determine how many defective chips are in ten batches to be shipped. A quality control team samples 250 chips from each batch of 1000 and finds the following defective chips per batch: 50, 15, 10, 1, 29, 12, 22, 30, 37, 33. Find the median number of defective chips.
A) 25.5 chips B) 22 chips C) 24 chips D) 29 chips
19.
NAME
NUMBER OF EXCEPTIONS
ADJUSTED GROSS INCOME
TOTAL DEDUCTABLES
TAXABLE INCOME
TAX OWED
M. Gaines
1
$59,241
$7327
-
-
A)$51,914; $9103.50 B) $48,214; $8178.50 C) $48,214; $6807.10 D) $49,741; $8585.25
NAME
NUMBER OF EXCEPTIONS
ADJUSTED GROSS INCOME
TOTAL DEDUCTABLES
TAXABLE INCOME
TAX OWED
M. Gaines
1
$59,241
$7327
-
-
Explanation / Answer
No. of quarters = 4years * 4 quarters per year = 16
Effective rate = 4/4 = 1%
Hence, Interest = Net value - P = P(1+r)^n -P = P( 1.01^16 - 1) = 4582(.1725)
=790.56 or 790.76
Hence, the answer is D
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