Site MapHelpFeedbackKey Quiz 9.1
Key Quiz 9.1
(See related pages)

1
Jun has $1450 in a savings account that pays 3.05% interest per year compounded daily. How much interest will Jun earn in a month of 30 days?
A)$0.36
B)$3.59
C)$3.64
D)$2170.19
2
Maria has a chequing account at a bank that charges $6.95 for up to 15 transactions plus $0.65 for each additional transaction. Last month Maria made 28 transactions. What did her service charges amount to?
A)$15.40
B)$18.20
C)$25.15
D)$105.75
3
Fred’s Bank has four monthly service charge options for its clients:
Option A: $10 for the first 10 transactions and $1 for each additional transaction
Option B: $12 for the first 15 transactions and $0.95 for each additional transaction
Option C: $15 for the first 20 transactions and $0.90 for each additional transaction
Option D: $20 for an unlimited number of transactions
Derrick gets paid once a week by direct deposit, and uses his debit card an average of 4.5 times a week. Which option would be best for him?
A)Option A
B)Option B
C)Option C
D)Option D
4
Victoria also has an account at Fred’s bank (see above question). One month she sees that the bank has debited her account for service charges of $12 and $7.60. Which option does she use?
A)Option A
B)Option B
C)Option C
D)Option D
5
Further to the previous question, how many transactions did Victoria make that month?
A)7
B)8
C)22
D)23





To learn more about the book this website supports, please visit its Information Center.
(c)2007 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Notice.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


Foundations for College MathemOnline Learning Center

Home > Chapter 9 > Key Quiz 9.1