Mathematics with Business Applications

Chapter 4:

Practice Test

1.
Shannon Kelley makes a deposit in her checking account. She has checks for $178.16 and $36.00. Shannon gets back $20.00 in cash. What is her total deposit?
A)$194.16
B)$198.16
C)$214.16
D)$234.16
2.
Which of the following is the correct way to write the amount $73.78 on a check?
A)seventy-three and seventy-eight
B)seventy-three dollars and 78/100 cents
C)seventy-three and 78/100 dollars
D)seventy-three dollars and 78/100
3.
The previous balance in your check register is $234.67. You make a deposit of $150.00. You write a check for $63.23. What is your new balance?
A)$21.44
B)$147.90
C)$321.44
D)$447.90
4.
Your bank statement shows a previous balance of $354.12. You make deposits of $123.98 and $312.76. You write checks for $46.17 and $154.32. You have a $4.00 service charge and earn $0.18 interest. What is your present balance?
A)$586.55
B)$590.37
C)$790.86
D)$987.53
5.
Your statement balance is $433.97. You have an outstanding check for $46.78 and an outstanding deposit for $235.00. What is your adjusted balance?
A)$245.75
B)$387.19
C)$622.19
D)$668.97
6.
Drey Lawson uses online banking to pay his bills. The bank charges $6.95 a month to use this service, $0.50 for each bill paid, $4.00 for a printed statement, and a cash advance fee of 2 percent of the cash advance amount. Drey paid 4 bills, requested a printed statement, and received a $300.00 cash advance. What were his total fees for the month?
A)$11.45
B)$12.95
C)$17.45
D)$18.95
7.
Frank Shoemaker makes a deposit in his checking account. He has checks for $56.23, 158.97, and $218.64. Frank gets back $25.00 in cash. What is his total deposit?
A)$383.84
B)$408.84
C)$433.84
D)$458.94
8.
The previous balance in your check register is $508.62. You make a deposit of $259.84. You write a check for $148.00. What is your new balance?
A)$100.78
B)$396.78
C)$620.46
D)$916.46
9.
Your bank statement shows a previous balance of $218.54. You make deposits of $311.25 and $250.00. You write checks for $95.00 and $267.48. What is your present balance?
A)$19.77
B)$198.77
C)$417.31
D)$1,142.27
10.
Your statement balance is $200.36. You have an outstanding check for $112.56 and an outstanding deposit for $68.34. What is your adjusted balance?
A)$19.46
B)$156.14
C)$244.58
D)$381.26
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