3.0 Unit 3 Assessment

Last updated over 1 year ago

18 questions

12

5

24

15

3

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3.0 Unit 3 Assessment

Last updated over 1 year ago

18 questions

12

 Maruice opens a savings account with an initial balance of $450 and saves $50 each month. Cam'ren opens a savings account with an initial balance of $100 and saves $100 each month.

Write a system of equations in slope intercept form representing this scenario.
_______ _______ 

How many months will it take for Maurice and Cam'ren to have the same balance? _______ How much will they have at that point? $_______ 

5

The equation for the perimeter of a rectangle is 
where L and W represent the length and width of the rectangle.  _______ Solve the perimeter equation for W, show your work for full credit. 

5

Solve the following system of equations: Show your work for full credit

_______

24

 Nadia decided to deposit her graduation gift money in two different savings accounts. Account X has an interest rate of .5% and Account Y has an interest rate of .25%. Altogether, she received $5000 from graduation. If after the first year her interest earned was $21.25, how much was deposited into each account?
Define your variables (x and y) by assigning them to the real-world quantities in the problem.
        x = amount deposited into Account x
        y = amount deposited into Account y
     b.  Write a system of equations in standard form you can use to solve for those quantities.
       Equation1:  x+y= _______ 
        Equation 2:  .005x+.0025y= _______ 
     c.  Calculate the x and y intercepts for both equations.
         1st Equation: 
         x intercept = _______ 
         y intercept = _______ 
         2nd Equation:
         x intercept =_______ 
         y intercept = _______ 
     d.  How much was deposited in each account? Use whatever method you want to solve 
          the system of equations, just show your work for full credit.
          Account x =_______ 
          Account y=_______ 

15

You and your sister have been saving and decide to buy a Playstation 5 together. You need $500 to buy the Playstation. Together you have $850 saved up. Since you have more money, you contribute 50% of your savings and your sister contributes 75% of hers toward the $500 cost. How much do each of you have saved individually?
Write a system of equations in standard form to model this situation.
_______ _______ 
     b.  Solve this system of equation using elimination
You have saved: _______ 
Your sister saved: _______ 
     c.  Why might elimination be a good solution method to use in this instance? Because the equations are already in _______ form. 

3

 Maruice opens a savings account with an initial balance of $450 and saves $50 each month. Cam'ren opens a savings account with an initial balance of $100 and saves $100 each month.

Write a system of equations in slope intercept form representing this scenario.
_______ _______ 

How many months will it take for Maurice and Cam'ren to have the same balance? _______ How much will they have at that point? $_______ 

The equation for the perimeter of a rectangle is 
where L and W represent the length and width of the rectangle.  _______ Solve the perimeter equation for W, show your work for full credit. 

Solve the following system of equations: Show your work for full credit

_______

 Nadia decided to deposit her graduation gift money in two different savings accounts. Account X has an interest rate of .5% and Account Y has an interest rate of .25%. Altogether, she received $5000 from graduation. If after the first year her interest earned was $21.25, how much was deposited into each account?
Define your variables (x and y) by assigning them to the real-world quantities in the problem.
        x = amount deposited into Account x
        y = amount deposited into Account y
     b.  Write a system of equations in standard form you can use to solve for those quantities.
       Equation1:  x+y= _______ 
        Equation 2:  .005x+.0025y= _______ 
     c.  Calculate the x and y intercepts for both equations.
         1st Equation: 
         x intercept = _______ 
         y intercept = _______ 
         2nd Equation:
         x intercept =_______ 
         y intercept = _______ 
     d.  How much was deposited in each account? Use whatever method you want to solve 
          the system of equations, just show your work for full credit.
          Account x =_______ 
          Account y=_______ 

You and your sister have been saving and decide to buy a Playstation 5 together. You need $500 to buy the Playstation. Together you have $850 saved up. Since you have more money, you contribute 50% of your savings and your sister contributes 75% of hers toward the $500 cost. How much do each of you have saved individually?
Write a system of equations in standard form to model this situation.
_______ _______ 
     b.  Solve this system of equation using elimination
You have saved: _______ 
Your sister saved: _______ 
     c.  Why might elimination be a good solution method to use in this instance? Because the equations are already in _______ form. 

Jayda is going to use the 50/30/20 rule in order to save $3000 for her family’s next big vacation. Her monthly income is $2500. How many months will it take her to reach her savings goal?

2.4 months

4 months

5 months

6 months

How much do personal finance experts recommend having saved in an emergency fund?

1-3 month of expenses

3-6 month of expenses

6-9 months of your salary

1-2 years of expenses

Over the last twenty years, how have wages changed compared to the costs of housing, healthcare, and education?

Wages have increased at a slower rate than those costs

Wages have increased at the same rate as those costs

Wages have increased at a faster rate than those costs

Wages have decreased as those costs have increased

Which statement is MOST accurate regarding 529 plans and health savings accounts (HSAs)?

529 plans can be used for education expenses while HSAs can be used for health expenses

529 plans allow you to invest for retirement while HSAs allow you to invest for future health expenses

529 plans have tax advantages while HSAs do not

529 plans and HSAs are both used to provide income during retirement

Order these types of accounts by their typical or average interest rate offered, from lowest to highest.

Money Market, Savings, CD, Checking

Checking, Savings, Money Market, CD

Savings, Money Market, CD, Checking

Checking, Savings, CD, Money Market

The majority of Americans...

Have an adequate emergency fund but do NOT have enough saved for retirement

Do NOT have an adequate emergency fund but have enough saved for retirement

Have an adequate emergency fund and have enough saved for retirement

Do NOT have an adequate emergency fund and do NOT have enough saved for retirement

Angelina just got a part-time job, and her sister recommends she “pay herself first.” What is she talking about?

Angelina should set aside part of every paycheck for savings before she does any spending

Angelina should start her own business rather than being someone else’s employee

Angelina should spend the money she needs before she lends any to friends or gives to charity

Angelina should deposit her check as quickly as possible before taxes can be taken out

A Roth IRA is best described as…

A checking account from which you pay your healthcare bills

A retirement investment account with specific tax advantages

A specialized savings account that allows you to save for college

A savings account at an online-only bank

You are given the system:
y=2x+4
y=2x-7
How many solutions will there be?

There will be no solution

There will be one solution

There will be two solutions

There will be three solutions

Jennifer’s saving balance is represented by the line y = 40x + 20 graphed below. Aaliyah’s savings balance is represented by the line y = 30x + 90 graphed below. What does the intersection of the two lines represent?

Aaliyah is saving $7 more than Jennifer per week

Aaliyah has saved $300 more than Jennifer after 7 weeks

They both saved $300 per week in the 7th week

They both have saved $300 total after 7 weeks

Joshua is solving this system of equations by eliminating y first. Which of the following options below shows the correctly multiplied pair of equations?
12x+6y=10
2x+3y=8

12x + 6y = 10
-12x + (-36y) = -48

12x + 6y = 10
-12x + (-18y) = -48

12x + 6y = 10
-24x + (-6y) = -16

12x + 6y = 10
-4x + (-6y) = -16

4x+2y=7 represents a linear equation in standard form. Which of the following is the same equation in slope-intercept form?

Madelyn sells seashells by the seashore. Blue shells cost $3 and pink shells cost $4. Madelyn sold 22 shells and made $76. Which of these correctly expresses the system of equations in standard form?

x+y=22

y=-x+22

y=-x+76

x+y=76

Jayda is going to use the 50/30/20 rule in order to save $3000 for her family’s next big vacation. Her monthly income is $2500. How many months will it take her to reach her savings goal?

2.4 months

4 months

5 months

6 months

How much do personal finance experts recommend having saved in an emergency fund?

1-3 month of expenses

3-6 month of expenses

6-9 months of your salary

1-2 years of expenses

Over the last twenty years, how have wages changed compared to the costs of housing, healthcare, and education?

Wages have increased at a slower rate than those costs

Wages have increased at the same rate as those costs

Wages have increased at a faster rate than those costs

Wages have decreased as those costs have increased

Which statement is MOST accurate regarding 529 plans and health savings accounts (HSAs)?

529 plans can be used for education expenses while HSAs can be used for health expenses

529 plans allow you to invest for retirement while HSAs allow you to invest for future health expenses

529 plans have tax advantages while HSAs do not

529 plans and HSAs are both used to provide income during retirement

Order these types of accounts by their typical or average interest rate offered, from lowest to highest.

Money Market, Savings, CD, Checking

Checking, Savings, Money Market, CD

Savings, Money Market, CD, Checking

Checking, Savings, CD, Money Market

The majority of Americans...

Have an adequate emergency fund but do NOT have enough saved for retirement

Do NOT have an adequate emergency fund but have enough saved for retirement

Have an adequate emergency fund and have enough saved for retirement

Do NOT have an adequate emergency fund and do NOT have enough saved for retirement

Angelina just got a part-time job, and her sister recommends she “pay herself first.” What is she talking about?

Angelina should set aside part of every paycheck for savings before she does any spending

Angelina should start her own business rather than being someone else’s employee

Angelina should spend the money she needs before she lends any to friends or gives to charity

Angelina should deposit her check as quickly as possible before taxes can be taken out

A Roth IRA is best described as…

A checking account from which you pay your healthcare bills

A retirement investment account with specific tax advantages

A specialized savings account that allows you to save for college

A savings account at an online-only bank

You are given the system:
y=2x+4
y=2x-7
How many solutions will there be? 

There will be no solution

There will be one solution

There will be two solutions

There will be three solutions

Jennifer’s saving balance is represented by the line y = 40x + 20 graphed below. Aaliyah’s savings balance is represented by the line y = 30x + 90 graphed below. What does the intersection of the two lines represent?

Aaliyah is saving $7 more than Jennifer per week

Aaliyah has saved $300 more than Jennifer after 7 weeks

They both saved $300 per week in the 7th week

They both have saved $300 total after 7 weeks

Joshua is solving this system of equations by eliminating y first. Which of the following options below shows the correctly multiplied pair of equations?
12x+6y=10
2x+3y=8

12x + 6y = 10
-12x + (-36y) = -48

12x + 6y = 10
-12x + (-18y) = -48

12x + 6y = 10
-24x + (-6y) = -16

12x + 6y = 10
-4x + (-6y) = -16

4x+2y=7 represents a linear equation in standard form.  Which of the following is the same equation in slope-intercept form?

Madelyn sells seashells by the seashore. Blue shells cost $3 and pink shells cost $4. Madelyn sold 22 shells and made $76. Which of these correctly expresses the system of equations in standard form?

x+y=22

y=-x+22

y=-x+76

x+y=76

3.0 Unit 3 Assessment

3.0 Unit 3 Assessment

Jayda is going to use the 50/30/20 rule in order to save $3000 for her family’s next big vacation. Her monthly income is $2500. How many months will it take her to reach her savings goal?

How much do personal finance experts recommend having saved in an emergency fund?

Over the last twenty years, how have wages changed compared to the costs of housing, healthcare, and education?

Which statement is MOST accurate regarding 529 plans and health savings accounts (HSAs)?

Order these types of accounts by their typical or average interest rate offered, from lowest to highest.

The majority of Americans...

Angelina just got a part-time job, and her sister recommends she “pay herself first.” What is she talking about?

A Roth IRA is best described as…

You are given the system:y=2x+4y=2x-7How many solutions will there be?

Jennifer’s saving balance is represented by the line y = 40x + 20 graphed below. Aaliyah’s savings balance is represented by the line y = 30x + 90 graphed below. What does the intersection of the two lines represent?

Joshua is solving this system of equations by eliminating y first. Which of the following options below shows the correctly multiplied pair of equations?12x+6y=102x+3y=8

4x+2y=7 represents a linear equation in standard form. Which of the following is the same equation in slope-intercept form?

Madelyn sells seashells by the seashore. Blue shells cost $3 and pink shells cost $4. Madelyn sold 22 shells and made $76. Which of these correctly expresses the system of equations in standard form?

You are given the system:
y=2x+4
y=2x-7
How many solutions will there be?

Joshua is solving this system of equations by eliminating y first. Which of the following options below shows the correctly multiplied pair of equations?
12x+6y=10
2x+3y=8