This document contains solutions to various probability and finance questions from a MAT 126 Week 1 Quiz. It includes questions about drawing cards from a deck, permutations of letters in a word, selecting students from a classroom, selecting marbles from a box, odds and probability, rolling dice, compound interest on annuities, percentages, loans, interest rates, markups and markdowns, and more. It also provides a link to download more tutorials.

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This document MAT 126 Week 1 Quiz contains solutions on
these questions:
A single card is drawn from a deck. What is the probability of
getting a queen or a king?
How many different three letter permutations can be formed
from the letters in the word clipboard?
In a classroom, the students are 11 boys and 1 girl. If one
student is selected at random, find the probability that the
student is a girl.
A box contains five blue, eight green, and three yellow
marbles. If a marble is selected at random, what is the
probability that it is yellow?
The odds in favor of an event are 10:1. Find the probability
that the event will occur.
Two dice are rolled. Find the probability of getting a sum
greater than 8.
Find the future value of an annuity if you invest $1,550
annually for 5 years at 11.5% compounded annually.
Express 81.6% as a decimal.
Find the missing value.
A single card is drawn from a deck. Find the probability of
selecting a 10 or a diamond.
Dr. Collins borrowed some money to buy new furniture for
her office. She paid $720.00 simple interest on a 7.5-year
loan at 16%. Find the principal.
A single card is drawn from a deck. What is the probability of

2. getting a queen or a king?
A package contains 9 candy canes, 6 of which are cracked. If
2 are selected, find the probability of getting no cracked
candy canes.
If two people are selected at random, what is the probability
that they were both born in May?
A company borrowed $3100. It must make monthly
payments of $178.37 for 18 months to pay off the loan. Use
the constant ratio formula to find the annual percentage
rate.
A single card is drawn from a deck. Find the probability of
selecting a 3 or a club.
On November 1, the Holiday House Store marked up a $50
decoration by 30%. On November 28, the decoration was
marked down 10%. It was marked up 20% on sales on
December 1. Finally, it was marked down 70% on December
26. Find the final selling price.
A coat with an original price of $300.00 is on sale for $285.00.
Find the percent of the markdown.
A company borrowed $1500. It must make monthly
payments of $40.50 for 42 months to pay off the loan. Use
the constant ratio formula to find the annual percentage
rate.
Find the effective rate when the stated rate is 13.5% and the
interest is compounded semiannually.
Mathematics - General Mathematics
A tie pin which sells for $200.00 has a markup rate of 30% on
the selling price. Find the amount of the markup and the
cost.
Find the missing value

3. A single card is drawn from a deck. Find the probability of
selecting a 3 or a club
A box contains five blue, eight green, and three yellow
marbles. If a marble is selected at random, what is the
probability that it is yellow?
The odds against an event are 8:8. Find the probability that
the event will occur.
Express 3.46 as a percent
A coat was reduced from $250 to $200. Find the percent of
the reduction in price
Express 81.6% as a decimal
A company borrowed $1500. It must make monthly
payments of $40.50 for 42 months to pay off the loan. Use
the constant ratio formula to find the annual percentage rate
A building has a market value of $229,000.00. If it is assessed
at 50% of market value and the tax rate is 40 mills, find the
property tax
A lottery has one $2000 prize, two $1000 prizes, and ten
$500 prizes. Two thousand tickets are sold at $5 each. Find
the expectation if a person buys two tickets.
Dr. Sand borrowed some money to buy new furniture for her
office. She paid $245.00 simple interest on a 3.5-year loan at
3.5%. Find the principal.
Find the missing numbers
Two dice are rolled. Find the probability of getting a sum
greater than 8
A coat with an original price of $300.00 is on sale for $285.00.
Find the percent of the markdown
The odds in favor of an event are 10:1. Find the probability
that the event will occur
A box contains five blue, eight green, and three yellow

4. marbles. If a marble is selected at random, what is the
probability that it is not blue?
Find the maturity value
A coin is tossed and then a die is rolled. Find the probability
of getting a 5 on the die given that the coin landed tails up
Katie had an unpaid balance of $1,734.50 on her credit card
statement at the beginning of January. She made a payment
of $165.00 during the month. If the interest rate on Katie's
credit card was 7% per month on the unpaid balance, find
the finance charge and the new balance on February 1.
Visit the dorm before deciding to live there. You may
discover that you don't want to live in that environment. Not
only that, but you may find that you prefer one dorm over
the other. Make sure you will get the choice you signed up
for, and make sure you have a contingency plan in place if
you chose a single room but end up in a quad....
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