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Real World Word Problems
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  1. Homebuyers who don't make a down payment of at least 20% may be required to take out PMI (Private Mortgage Insurance). On a $200,000 loan, the premiums can cost more than $100 per month. What would be the minimum down payment on a $200,000 loan?

  2. Visa USA stated that over the last year, the number of Friday and Saturday sales transactions increased 16% to $38.8 million. What were the total sales transactions at this time last year? Round to the nearest million.

  3. The U.S. Census Bureau statistics showed that more than 1.3 million people in Illinois-about 11% of the population-are without medical insurance. What approximately would be the total population of Illinois? Round to the nearest million.

  4. It was reported that about 80% of airline tickets-nearly $65 billion worth last year are issued over the internet. What were the total sales of airline tickets last year? Round to the nearest billion.

  5. The rising cost of nursing homes is forcing families to plan ahead. Nursing home costs have risen roughly 20% in 3 years, to an average of $46,000 per year. What is the cost of nursing home care 3 years ago? Round to the nearest thousands.

  6. Associated press Online provided information from a fiscal analyst stating that during the past 20 years, the average after-tax income of the wealthiest 1% of Americans had grown from $263,700 to $677,900. What is the percent increase? Round to the nearest percent.

  7. Third-quarter earnings of a Milwaukee-based mortgage insurance firm were up 19% from $122.9 million. (a) How much were the new earnings? Round to the nearest hundred thousands.

  8. Personal bankruptcy filings nationwide have increased. New filings this year were 1,123,833, compared to filings of 873,273 in the past year. How much of a percent increase was there in the New Year? Round to the nearest hundredth percent.

  9. Disney raised the price of admission to its California Adventure Theme Park by $2 bringing the cost to $47. What is the percent increase to the nearest hundredth percent?

  10. Taco Bell increased its advertising budget from $88.0 million to $101.3 million. What was their percent increase to the nearest hundredth percent?







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