Test chapter 4 - Mathematical Money Management READ THE...

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Mathematical Money Management Test chapter 4 Name _________________________ READ THE DIRECTIONS!!! BE SURE TO ANSWER WHAT IS BEING ASKED! 1. Your savings account number is 132244. You wish to write a counter check for $1093.55 in order to receive cash in that amount. Fill in the replica counter check below: SUNSHINE BANK Account Number Date ____________ _______________________________DOLLARS ___________ dollars cents ________________________________ Sign here 2. You wish to make a deposit to your savings account. You have 3 $20 bills, 4 $5 bills, 11 $1 bills, and a check for $341.27. How much is your total deposit slip made out for? 3. You have a passbook savings account. You have the following transactions as shown. Complete the passbook and give the final balance. (Give the balance at each step)! (You are the depositor) Passbook Account Number 000-132 Depositor : Date Withdrawal Deposit Interest Balance 10/30 $1432.90 11/1 $345.76 11/5 $299.54 11/9 $467.44 11/13 $8.78 Find the amount of simple interest on each of these accounts: 4) $500 deposited for 9 months at 6.25% 5) $32000 deposited for 1 year and 5 months at 5% Calculate the number of days in each period. (Use the chart at the back of your book) 6. From Jan. 3 to May 7 7) From March 19 to September 12
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  • Summer '06
  • VariousProfessorsListed
  • Passbook savings account, Mathematical Money Management, counter check, total deposit slip, Passbook Account Number

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