Loans, Budget,
Payments
________ is interest paid only on the original principal, and not on any interest added at later date
A) Basic interest
B) Simple interest
C) Compound interest
D) None of the above
B) Simple interest
True or False?
Money growing in a bank account earning compound interest at an annual percentage rate of 3% represents an example of linear growth.
False
Plot the points (4, 3), (-1,0), (0, 4), and (2, -1).

The _____ the rate of change, the steeper the slope/graph.
A) greater
B) smaller
A) greater
Find the degree measure of 3/5 of a circle.
216°
Calculate the amount of interest you'll have at the end of the indicated period.
You invest $60,200 in an account that pays simple interest of 4% for 3 year(s).
$7,224
Urban encroachment is causing the area of a forest to decline at a rate of 8% per year. Use the approximate half-life formula to determine the half-life of the forest.
8.75 years
What do you call the set of all the dependent(y) values?
A) Range
B) Domain
C) Function
A) Range
Identify the independent and dependent variable.
You are taking a road trip in a car and want to know how far you've traveled (read the odometer) at various times during your trip.
Independent variable: time
dependent variable: distance traveled
Determine which surface is steeper between a roof with a pitch of 1 in 3 or a roof with a slope of 3/5.
roof with a slope of 3/5
You deposit $7,660 in a bank account that pays an APR of 4% and compounds interest semiannually. How much money will you have after 5 years? How much would you have if instead interest were paid once each year?
semiannually: $9,337.50
Once each year: $9,319.56
The population of Scoville is increasing at a rate of 301 people per year. If the population is 423 today, what will it be in three years?
1,326 people

Crafty Bill's Cool Car Sales opened as a used car sales lot in 2001. The graph shows the number of cars sold as a function of time. What is the approximate number of cars sold in 2003?
650 cars
Identify the slope and y-intercept of the function below and graph it.
y=-1/2x+2
Slope: -1/2
y-intercept: 2

The two triangles are similar. Determine the missing side length.

x=10
Susan's expenses and income are given in table form. Find the net monthly cash flow (+ or -). Assume 1 month = 4 weeks and 4 weeks = 1 month. Round your answer to the nearest dollar.

$278
The price of computer memory is decreasing at a rate of 12% per year. If a memory chip costs $84 today, what will it cost in two years?
$65.05
Find the area of the window. Round to the nearest tenth.

33.5 square dm
Suppose that you have a student loan of $62,204 with an annual interest rate of 8% that you want to pay off in 15 years. Calculate your monthly payment, how much you will pay over the lifetime of the loan, and the total interest you'll pay on the loan.
monthly payment: $594.45
Total paid: $107,001
total interest: $44,797
The initial population of a town is 18,522 and it grows with a doubling time of 12 years. What will the population be in three years?
22,026 people
Write an equation for the linear function and use it to answer the given question. The cost of renting a car is a flat $29, plus an additional 0.07 cents per mile that you drive. How far can you drive for $97?
r = 29 + 0.07m
971 miles
Find the perimeter and the area of the following triangle. Round to the nearest whole number.

perimeter: 94 ft
area: 375 square ft