Savings Quiz

1. You save $50 each month for 6 months. How much have you saved?

2. Your savings account has $1200. You add $300. What is the new balance?

3. You have $500 and spend $125 on expenses. How much is left for savings?

4. You save $20 each week for 10 weeks. What is the total savings?

5. Your savings goal is $1000. You have $650. How much more do you need?

6. Solve for x (monthly savings): 12x = 600 (total savings in a year).

7. Your savings follow a seasonal pattern: S(t) = 100 + 50sin(πt/6), where t is months. What is the maximum savings in a month?

8. The future value of savings is A = P(1 + r/n)^(nt). If P = $1000, r = 0.05, n = 12, t = 1, what is A (rounded to nearest dollar)?

9. The rate of change of your savings is dS/dt = 100 + 20t (dollars/month). What is the total savings after 3 months (S(0) = 0)?

10. For a loan payment, PMT = [Pr/(1 - (1 + r)^(-n))], P = $5000, r = 0.005, n = 12. What is PMT (rounded to nearest dollar)?