Vocabulary
3-1, 3-2
3-3, 3-4
3-5, 3-6
3-7, Misc.
100
The ___________ of an account is the amount of money in the account.
Balance
100
$237.10 + $76 + $0.56 + $2.48
$316.14
100
$850 x 0.00368
$3.13
100
$268.44 x 1/12
$22.37
100
2 3/8 - 1 1/2
7/8
200
Some companies pay their employees by transferring funds directly into their employees' bank accounts. This is called _________________
Direct Deposit
200
$745.28 - $237.30
$507.98
200
6.7% x 1/4
0.01675
200
2.37% x $1,200
$28.44
200
54 is what percent of 360?
15%
300
___________________ allows you to do your banking by using your personal computer and the internet.
Online banking
300
350 increased by 1/5 of itself is?
420
300
$288 is 6/5 of what number?
240
300
Jake Hansen’s check register showed a balance of $308.34. His bank statement listed these items not recorded in the check register: ATM withdrawal, $50; ATM user fee, $2.25; direct deposit of paycheck, $624.70; checks for $287.23, $180.11, and $72.89. A check for $85.89 was recorded as $58.89. Reconcile Jake’s check register.
$313.56
300
That daily interest multiplier for a savings account paying 4% annual interest for 180 days is 1.020200. What compound amount will be in a savings account if $5,000 is on deposit in the savings account for 180 days?
$5101
400
__________________ is the money paid to an individual or institution for the privelege of using their money.
Interest
400
Stuart Terril listed these items on his checking account deposit slip: (bills) 47 ones, 3 fives; (coins) 129 quarters, 74 dimes; one check for $8. His cash received consisted of 2 twenties and 1 ten. What total deposit did Stuart make?
$59.65
400
On Friday, Carlotta Rowe’s checking account balance was $173.56. During the day Carlotta’s employer deposited her $516.45 pay directly to her checking account. At lunchtime, she wrote checks for $172, $86.43, and $9.05, and made an ATM withdrawal from checking of $150. What is the balance of Carlotta’s checking account at the end of the day?
$272.53
400
Find the interest that a $510 deposit will earn in 3 months at 4.25% simple interest.
$5.42
400
A 2-month CD pays 5.1% simple interest for the term of the deposit. A passbook account pays 4.65% annual interest compounded monthly. In which account will a $3,600 investment earn the most interest for two months, and how much more?
CD, $2.65
500
A ________________ is any deposit or withdrawal that has to be recorded.
Transaction
500
The yearbook club’s checking account balance was $8,411.13 on Monday. Three checks from the sale of ads for $200, $110, and $65 were deposited. A check was written on Thursday for $650 for graphics design. What is the new balance of the checking account?
$8136.13
500
The bank statement sent to Abigail Ochs did not show checks for $158.23, $12.89, and $71.27, and an outstanding deposit of $75 that were listed in the check register. The balance printed on the statement was $289.07. What is the reconciled bank statement balance?
$121.68
M
e
n
u