6. what is the term used for the amount earne...
6. what is the term used for the amount earned by money deposited in a bank?\na. sales tax c. discount\nb. interest d. percent\n7. mrs. mendoza deposited p10,000.00 in the bank. if the annual interest rate is 0.25%, how much interest will her deposit earn at the end of 5 years?\na. p125.00 c. p6,250.00\nb. p625.00 d. p12,500.00\n8. rina can type 140 words in 4 minutes. how many words can she type in an hour?\na. 35 c. 2,100\nb. 1,200 d. 4,900\n9. there are 104 bananas in 4 bunches. what is the unit rate?\na. 104 bananas/4 bunches c. 26 bananas/banana\nb. 26 bananas/bunch d. 4 bunches/144 bananas\n10. gerry worked 240 hours in 6 weeks. at this rate, how many hours will he work in 16 weeks?\na. 496 c. 5,760\nb. 640 d. 7,680\n11. which of the following is not a spending category?\na. food c. transportation\nb. leisure d. family\n12. which of the following is a smart (specific, measurable, achievable, relevant and time - based) financial goal for a grade 7 student?\na. to be financially wise\nb. to own a car\nc. to have p10,000.00 in the bank by the end of the month\nd. to be a business owner\n13. which of the following numbers is equal to \\(\\frac{1}{2}+0.333...\\)?\na. 0.53 c. 0.83\nb. 0.53333... d. 0.833333...\n14. which of the following numbers is equal to \\((4)(2)+\\frac{16}{4}\\)?\na. 4 c. 12\nb. 8 d. 16\n15. which of the following numbers is the decimal equivalent of \\(\\frac{59}{250}\\)?\na. 0.236 c. 0.623\nb. 0.326 d. 0.632
Answer
### 6.
# Brief Explanations:
Interest is the amount earned on money deposited in a bank. Sales - tax is on purchases, discount is a reduction in price, and percent is a ratio or fraction out of 100.
# Answer:
B. interest
### 7.
# Explanation:
## Step1: Recall the simple - interest formula
The simple - interest formula is $I = Prt$, where $P$ is the principal amount, $r$ is the annual interest rate (in decimal form), and $t$ is the time in years.
$P=\text{P}10000$, $r = 0.25\%=0.0025$, $t = 5$
## Step2: Substitute the values into the formula
$I=Prt=10000\times0.0025\times5$
$I = 125$
# Answer:
A. P125.00
### 8.
# Explanation:
## Step1: Find the number of words per minute
If Rina can type 140 words in 4 minutes, then the number of words per minute $w=\frac{140}{4}=35$ words per minute.
## Step2: Calculate the number of words in an hour
Since there are 60 minutes in an hour, the number of words in an hour is $35\times60 = 2100$ words.
# Answer:
C. 2,100
### 9.
# Explanation:
## Step1: Calculate the unit rate
To find the unit rate of bananas per bunch, divide the total number of bananas by the number of bunches. Given 104 bananas in 4 bunches, the unit rate is $\frac{104}{4}=26$ bananas per bunch.
# Answer:
B. 26 bananas/bunch
### 10.
# Explanation:
## Step1: Find the number of hours worked per week
If Gerry worked 240 hours in 6 weeks, then the number of hours per week $h=\frac{240}{6}=40$ hours per week.
## Step2: Calculate the number of hours in 16 weeks
The number of hours in 16 weeks is $40\times16 = 640$ hours.
# Answer:
B. 640
### 11.
# Brief Explanations:
Food, leisure, and transportation are common spending categories. Family is not a spending category; it is a social - group concept.
# Answer:
D. family
### 12.
# Brief Explanations:
A SMART financial goal is specific, measurable, achievable, relevant, and time - based. Option C "to have P10,000.00 in the bank by the end of the month" meets these criteria for a Grade 7 student. Option A is too general, option B may not be achievable for a Grade 7 student, and option D is too broad and not time - based for a short - term goal.
# Answer:
C. to have P10,000.00 in the bank by the end of the month
### 13.
# Explanation:
## Step1: Convert $\frac{1}{2}$ to decimal
$\frac{1}{2}=0.5$
## Step2: Add the two decimals
$0.5 + 0.333\cdots=0.833333\cdots$
# Answer:
D. 0.833333...
### 14.
# Explanation:
## Step1: Calculate $(4)(2)$ and $\frac{16}{4}$
$(4)(2)=8$ and $\frac{16}{4}=4$
## Step2: Add the results
$8 + 4=12$
# Answer:
C. 12
### 15.
# Explanation:
## Step1: Perform the division
$\frac{59}{250}=59\div250 = 0.236$
# Answer:
A. 0.236