A teacher deposited $3,000 in a retirement fund.If she didn’t add any more money to the fund, which earns an annual interest rate of 6%, how much money would she have in 1 year?
Answer(s): C
To determine the amount of interest earned, multiply the principal ($3,000) by the interest rate (6%) and the number of years interest accrues (1 year): $3,000 × 0.06 × 1 = $180.Add the interest earned to the principal to show how much total money the teacher would have: $180 + $3,000= $3,180.
The high-school track measures one quarter of a mile around.How many laps would you have to run in order to run three and a half miles?
Answer(s): B
Divide the total number of laps by the length of one lap. 31⁄2 ÷ 1⁄4. First, convert the mixed number to a fraction, then divide by 1⁄4.7⁄2 ÷ 1⁄4 = 28⁄2, which can be reduced to 14.
Karl is driving in Austria, where the speed limit is posted in kilometers per hour. The car’s speedometer shows that he’s traveling at a rate of 75 kilometers per hour. Karl knows that a kilometer is about 5⁄8 of a mile.Approximately how many miles per hour is Karl traveling?
Answer(s): A
A kilometer is 5⁄8 of a mile, so multiply 75 × 5⁄8, or 75⁄1 × 5⁄8 = 375⁄8.Divide 8 into 375 to reduce the fraction and determine that Karl was traveling at 47 miles per hour.
A carpenter earns $12.30 an hour for a 40-hour week. His overtime pay is 11⁄2 times his base pay. If he puts in a 46-hour week, how much is his weekly pay?
$12.30 × 40 hours = $492, his base pay per week. $12.30 × 1.5 = $18.45, his overtime rate per hour. $18.45 (overtime rate per hour) × 6 (hours of overtime) = $110.70 (overtime pay). $492.00 (base pay) + $110.70 (overtime pay) = $602.70 (total pay for the week).
An office building has 30 employees and allows 42 square feet of work space per employee. If five more employees are hired, how much less work space wills each employee have?
The office has 1,260 square feet of space (multiply 42 square feet by 30 employees). With 35 employees, each employee will have 36 square feet of work space (1,260 ÷ 35), which is 6 square feet less than originally.
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