Chapter 2 Review 1- 2.1-2.6 (2025)

Last updated 8 days ago
33 questions
Write a check for today Monday, December 8th, 2025 to buy a sweater/shirt from Central Union High School for $45.00
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What would you write on this line?

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What date would go here?

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What would go in this box?

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what would go on this line?

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Determine the balance in the account after the 5 transactions.

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Billy deposits $1,785 in an account that pays 6.3% simple interest for 9 months. How much interest will he have earned?

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Thor deposits $12,000 into a 4-year CD at an interest rate of 5.8%, compounded daily. What is the annual percentage yield? Round to the nearest hundredth.

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How much money would Mrs. Garcia have after she deposits $65,000 for 91 months at 4.75% interest, compounded continuously?

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Brad deposited $4,800 in an account that yields 3.15% interest, compounded semiannually. How much is in the account after 75 months?

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Find the simple interest on a $32,000 principal, deposited for 4 years at a rate of 4.45%.

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Squidward deposits $12,000 into a 4-year CD at an interest rate of 6.5%, compounded weekly. What is the annual percentage yield(APY)?

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How much money would Mrs. Pineiro have on a $35,000 deposit for 72 months at 4.65% interest, compounded continuously?

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Daniel has $18. He is going to add $4 per day. How much money will he have on the 65th day? The answer is not $277.

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Maria has $140. She saved $5 a day for 23 days. How much money did she begin with?

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Compound interest earns more than simple interest at the same interest rate because compounding pays interest on the interest earned.

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LaToya has $113.94 in her checking account. During the week, she goes to an ATM and withdraws $40. She is charged a usage fee of  $2.50. The following week, she deposits her paycheck of $189.73. She writes two checks, one for $22.50 and the other for $70.18. What is the current balance in her checking account?

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Conrad Savings Bank has a $50 overdraft fee. On Friday, Mr. McQuire deposited his paycheck of $468.92 for a total account balance of $712.34. The next morning, his wife wrote a check for $1,267.45 for a new refrigerator and stove. The check cleared the bank by the end of the day. What is the current balance in the McQuires’ account?

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Amy opened a savings account with $1,750 she received for graduation. The account pays 4.3% simple interest. What is the balance after 6 months? Round to the nearest cent (2 decimals) and don't forget your dollar sign and decimal.

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Tammy sold a diamond ring for $10,000. She placed half of the money into a CD with a 3.9% interest rate compounded daily. She placed the other half into a CD with the same interest rate but compounded monthly. What is the difference in the interest earned on each amount after 4 years?

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Sonja and Jake just got married. They received $4,500 in gift money and deposited it into a savings account that pays 2.85% simple interest. Type in the equation you would use to solve the problem if they have it in savings after 3 years? Make sure to include I=

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Ron and Annie have $1,239.45 in their checking account. During the week, Annie goes to an ATM and withdraws $80. The following week Ron deposits his paycheck of $689.65. Annie then pays bills online in the amounts of: $212.80, $55, $49.76, and $110.35. What is the current balance in their checking account? Round to the nearest cent (2 decimals) and don't forget your dollar sign and decimal.

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Interest compounded semiannually is compounded four times a year.

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Ridgewood Savings Bank charges a $27 per check overdraft protection fee. On July 8, Nancy had $1,400 in her account. Over the next four days, the following checks arrived for payment at her bank: July 9, $1,380.15; July 10, $70 and $95.67; July 11, $130; and July 12, $87.60.
How much will she pay in overdraft protection fees?

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Ken filled out this information on the back of his bank statement. Find Ken's revised statement balance. Does his account reconcile? _________________

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The sixth-grade class at West Side School starts a charity collection on Monday, with $78 donated by the Parents Organization. They plan to add $2 to the fund each day. How much will they have after 90 days?

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What interest rate is needed for $9,500 to earn $900 in 19 months? Round to the nearest hundredth of a percent. Don't forget your percent sign.

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Find the simple interest on a $2,350 principal deposited for six years at a rate of 2.77%.

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Austin deposits $2,250 into a three-year CD at an interest rate of 2.3%, compounded daily. Write down the formula (with values filled in) that you would use to solve this problem.

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What do you put on a check if you make a mistake when writing it?

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Osney wants a new pair of boots that cost $302. If he currently has $30, how much does he need to save per day until Christmas (35 days away)?

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Caleb currently has $3,000 and has been offered an 8.9% interest rate. How long will it take him to double his money? Round to the nearest tenth of a year.

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\lim\limits_{t\to \infty} \frac{t^4}{4t^2-3}
Remember, create a table:
x y
0
100
1000
100000
Ask yourself what happens to y as you move down the table? What number is it getting close to?

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\lim\limits_{w\to \infty} -\frac{12}{w^2+4}

Remember, create a table:
x y
0
100
1000
100000

Ask yourself what happens to y as you move down the table? What3 number is it getting close to?