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Practice Test 2 - Quantitative Skills and Reason | MATH 1001, Exams of Quantitative Techniques

Gordon CollegeQuantitative Techniques
Prof. Christopher R. Mccord

Material Type: Exam; Professor: McCord; Class: Quantitative Skills & Reason; Subject: Mathematics; University: Gordon College; Term: Fall 2009;

Typology: Exams

Pre 2010

Uploaded on 12/06/2009

stephanie-gardner
stephanie-gardner 🇺🇸

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Math 1001 Test 2 Practice (2A, 4B) Name:
(2A)
1) Which of the following is a conversion factor?
(a) A = lw (b) 240 milles (c) feet per second (d)
1
9
1
2
2
ft
yd
2) Suppose you drive a distance of 147 miles at a speed of 42 miles per hour. How many hours does it take?
(a) 4.2 hours (b) 3.5 hours (c) 2.7 hours (d) 0.238 hours (e) None of these
3) Assuming that your heart beats 70 times per minute, how many times does your heart beat in 6 days?
(a) 25,200 (b) 201,600 (c) 604,800 (d) 36,288,000
4) Given that 1 meter = 100 centimeters, find the number of cubic centimeters in a cubic meter.
(a) 100 (b) 10,000 (c) 1,000,000 (d) 100,000,000 (e) None of these
5) Given that 1 mile = 8 furlongs, find the number of square furlongs in a square mile.
(a) 8 square furlongs (b) 64 square furlongs (c) 512 square furlongs (d) 4096 square furlongs
6) How many cubic feet are in a cubic yard?
(a) 3 (b) 9 (c) 27 (d) 81 (e) None of these
7) Given that 1 barrel = 42 gallons. How many barrels will 210,168 gallons of liquid make?
(a) 54 (b) 504 (c) 5004 (d) 5040 (e) None of these
(4A)
8) Suppose that you invest $2100 in an account that earns simple interest at an APR of 4.3%. Determine the balance after 3
years.
(a) $270.90 (b) $2370.90 (c) $2374.30 (d) $2382.72 (e) None of these
9) Suppose that you invest $3080 in an account that earns interest at an APR of 6% compounded quarterly. Determine the
balance after 16 years.
(a) $7986.88 (b) $8145.35 (c) $8155.75 (d) $8160.99 (e) None of these
10) Suppose that you invest $1583 in an account that earns interest at an APR of 6.7% compounded continuously. Determine
the balance after 6 years.
(a) $2363.64 (b) $2366.20 (c) $2366.29 (d) $2366.42 (e) None of these
11) Assume that $1000 is invested at an APR of 5%. What account will earn more?
(a) Account that compounds yearly. (b) Account that compounds quarterly.
(c) Account that compounds continuously. (d) Account that compounds monthly. (e) All earn the same.
12) Suppose that you want to have a $90,000 retirement fund after 35 years. How much will you need to deposit now if you
can obtain an APR of 12% compounded daily? (Assume that no additional deposits are to be made to the account.)
(a) $1284.29 (b) $1349.60 (c) $1350.53 (d) $1435.59 (e) None of these
pf2

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Download Practice Test 2 - Quantitative Skills and Reason | MATH 1001 and more Exams Quantitative Techniques in PDF only on Docsity!

Math 1001 Test 2 Practice (2A, 4B) Name:

(2A)

  1. Which of the following is a conversion factor?

(a) A = lw (b) 240 milles (c) feet per second (d) 1

2 2

ft

yd

  1. Suppose you drive a distance of 147 miles at a speed of 42 miles per hour. How many hours does it take? (a) 4.2 hours (b) 3.5 hours (c) 2.7 hours (d) 0.238 hours (e) None of these
  2. Assuming that your heart beats 70 times per minute, how many times does your heart beat in 6 days? (a) 25,200 (b) 201,600 (c) 604,800 (d) 36,288,
  3. Given that 1 meter = 100 centimeters, find the number of cubic centimeters in a cubic meter. (a) 100 (b) 10,000 (c) 1,000,000 (d) 100,000,000 (e) None of these
  4. Given that 1 mile = 8 furlongs, find the number of square furlongs in a square mile. (a) 8 square furlongs (b) 64 square furlongs (c) 512 square furlongs (d) 4096 square furlongs
  5. How many cubic feet are in a cubic yard? (a) 3 (b) 9 (c) 27 (d) 81 (e) None of these
  6. Given that 1 barrel = 42 gallons. How many barrels will 210,168 gallons of liquid make? (a) 54 (b) 504 (c) 5004 (d) 5040 (e) None of these (4A)
  7. Suppose that you invest $2100 in an account that earns simple interest at an APR of 4.3%. Determine the balance after 3 years. (a) $270.90 (b) $2370.90 (c) $2374.30 (d) $2382.72 (e) None of these
  8. Suppose that you invest $3080 in an account that earns interest at an APR of 6% compounded quarterly. Determine the balance after 16 years. (a) $7986.88 (b) $8145.35 (c) $8155.75 (d) $8160.99 (e) None of these
  9. Suppose that you invest $1583 in an account that earns interest at an APR of 6.7% compounded continuously. Determine the balance after 6 years. (a) $2363.64 (b) $2366.20 (c) $2366.29 (d) $2366.42 (e) None of these
  10. Assume that $1000 is invested at an APR of 5%. What account will earn more? (a) Account that compounds yearly. (b) Account that compounds quarterly. (c) Account that compounds continuously. (d) Account that compounds monthly. (e) All earn the same.
  11. Suppose that you want to have a $90,000 retirement fund after 35 years. How much will you need to deposit now if you can obtain an APR of 12% compounded daily? (Assume that no additional deposits are to be made to the account.) (a) $1284.29 (b) $1349.60 (c) $1350.53 (d) $1435.59 (e) None of these
  1. A savings account earns 4.3% compounded continuously. How much would you need to deposit now in order to have a balance of $12,000 after 3 years? (Assume that no additional deposits are to be made to the account.) (a) $10,115.05 (b) $10,550.12 (c) $10,547.69 (d) $10,513.18 (e) None of these
  2. Suppose that you invest in an account with an APR of 4.9% compounded continuously. Determine the annual percentage yield (APY) to the nearest hundredth of a percent. (a) 4.95% (b) 5.02% (c) 5.15% (d) 5.20% (e) None of these
  3. Suppose that you invest $1900 in an account with an APR of 6.8% that earns simple interest. What is the balance after 5 years? (a) $646.00 (b) $2532.60 (c) $2546.00 (d) $2640.04 (e) None of these
  4. If you invest $6384 in an account that earns an APR of 4.6% compounded monthly, what is the balance after 9 years? (a) $9658.08 (b) $9650.44 (c) $9635.29 (d) $9569.25 (e) None of these
  5. If you invest in an account that earns an APR of 8.2% compounded quarterly, what is the annual percentage yield (APY) of the account to the nearest hundredth of a percent? (a) $8.20% (b) 8.46% (c) 8.52% (d) 8.55% (e) None of these
  6. If you want to have a $85,000 shopping spree/vacation in 40 years, how much do you need to deposit now in an account that earns an APR of 11.2% compounded daily? (Assume that no additional deposits are to be made to the account.) (a) $878.42 (b) $ 889.55 (c) $924.39 (d) $964.00 (e) None of these
  7. Wilbur invests $4800 in an account that earns an APR of 7.3% compounded monthly. Orville invests $5300 in an account that earns an APR of 3.4% compounded annually. Who will have the higher account balance after 5 years and after 20 years? (a) 5 years: Wilbur, 20 years: Wilbur (b) 5 years: Orville, 20 years: Orville (c) 5 years: Wilbur, 20 years: Orville (d) 5 years: Orville, 20 years: Wilbur
  8. You invest $18,000 in an account that earns an APR of 3.7% compounded annually. What is the balance after 6 years? (a) $22,474.03 (b) $22,466.61 (c) $22,451.36 (d) $22,384.38 (e) None of these Bonus: Which of the following sets are not disjoint? (a) Words & Verbs (b) Cats & Dogs (c) Men & Women (d) Reptiles & Mammals Bonus 2: If dinosaurs live in trees, then dinosaurs eat berries. Dinosaurs do not live in trees. Dinosaurs do not eat berries. This invalid argument is an example of which of the following? (a) Affirming the hypothesis (b) Denying the hypothesis (c) Affirming the conclusion (d) Denying the conclusion