MAT 126 Week 4 Quiz

This document MAT 126 Week 1 Quiz contains solutions on these questions:

1. A single card is drawn from a deck. What is the probability of getting a queen or a king?

2. How many different three letter permutations can be formed from the letters in the word clipboard?

3. In a classroom, the students are 11 boys and 1 girl. If one student is selected at random, find the probability that the student is a girl.

4. A box contains five blue, eight green, and three yellow

   marbles. If a marble is selected at random, what is the

   probability that it is yellow?

5. The odds in favor of an event are 10:1. Find the probability

   that the event will occur.

6. Two dice are rolled. Find the probability of getting a sum greater than 8.

7. Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.

8. Express 81.6% as a decimal.

9. Find the missing value.

10. A single card is drawn from a deck. Find the probability of selecting a 10 or a diamond.

11. Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal.

12. A single card is drawn from a deck. What is the probability of getting a queen or a king?

13. A package contains 9 candy canes, 6 of which are cracked. If 2 are selected, find the probability of getting no cracked candy canes.

14. If two people are selected at random, what is the probability that they were both born in May?

15. A company borrowed $3100. It must make monthly payments of $178.37 for 18 months to pay off the loan. Use the constant ratio formula to find the annual percentage rate.

16. A single card is drawn from a deck. Find the probability of selecting a 3 or a club.

17. On November 1, the Holiday House Store marked up a $50 decoration by 30%. On November 28, the decoration was

    marked down 10%. It was marked up 20% on sales on December 1. Finally, it was marked down 70% on December 26. Find the final selling price.

18. A coat with an original price of $300.00 is on sale for $285.00. Find the percent of the markdown.

19. A company borrowed $1500. It must make monthly payments of $40.50 for 42 months to pay off the loan. Use the constant ratio formula to find the annual percentage rate.

20. Find the effective rate when the stated rate is 13.5% and the interest is compounded semiannually.