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Personal Finance: Insurance

Mathematics

10th - 12th Grade

CCSS covered

Used 26+ times

Personal Finance: Insurance
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Jarrod is purchasing a life insurance policy with a face value of $200,000. The annual rate is $7.08 per $1000 of face value.  The monthly payment rate is 9.5%. What is the annual premium?

$1900
$7080
$1416
2000

Tags

CCSS.HSF.BF.A.2

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How much will Jarrod pay monthly?

$74.10
$134.52
$118
$256.41

Tags

CCSS.8.EE.C.7B

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Stacy purchased a home valued at $225,000 for insurance purposes.  Her homeowners policy will cost $0.98 per $100 of value. How much is the annual premium?

$2205
$220.50
$98.00
$980.00

Tags

CCSS.6.RP.A.3B

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How much is Stacey's monthly insurance premium payment?

$220.50
$1176.00
$187.50
$183.75

Tags

CCSS.7.EE.B.3

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Ashley is a sales rep for a pharmaceutical company. She is paid $3300.00 per month, and 5% commission on her sales. What function, E(s), can be used to represent her gross earnings given her total sales, s.

E(s) = .05x3300 + s
E(s) = 3300 + .05s
E(s) = 3300 + 5
E(s) = 3300 x .05

Tags

CCSS.HSF-BF.A.1A

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Ashley sells $50,000 in one month. What will be her gross earnings?

$5800.00
$2665.00
$53300.00
$6000.00

Tags

CCSS.6.RP.A.3D

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Ashley's employer deducts 26% of her gross income for taxes, and $135 for health insurance. What function can be used to represent her net earnings, N(s), in terms of her monthly sales, s.

N(s) = 3300 + .05s - .26s
N(s) = .26(3300 + .05s) -135
N(s) = 3300 + .05s
N(s) = .74(3300 + .05s) - 135

Tags

CCSS.HSF-BF.A.1A

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