Answers Financial Math Income and Expenses — TestQuestion 7

7

QuizMultiple Choice

Income and Expenses — Test

Question 7 • Financial Math

Skyler invested $6,000 in a bond fund. At the end of the month, Skyler received a return of 3% on the investment. Additionally, Skyler earns a monthly salary of $3,500 and received an overtime payment of $300. In the same month, she received a quarterly bonus of $750. How much did Skyler earn in total for the month?

Answer

A

$5,430

B

$5,180

C

$4,730

D

$4,680

Explanation

Skyler’s bond fund return was 3% of $6,000, which is $180. Add that to her $3,500 salary, $300 overtime payment, and $750 bonus: $180 + $3,500 + $300 + $750 = $4,730. The total earnings for the month were $4,730.

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