AnswersAdvanced Financial AlgebraPersonal Savings and Consumer Credit: Part One — TestQuestion 11
11
QuizMultiple Choice

Personal Savings and Consumer Credit: Part One — Test

Question 11 • Advanced Financial Algebra

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
$4,680
B
$5,180
C
$4,730
D
$5,430

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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