The Hartman family's four-year savings total (without interest) is what amount?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Prepare for the Relating Income and Careers Test. Improve your knowledge with engaging materials, flashcards, and multiple-choice questions with explanations. Be ready to ace your exam confidently!

Multiple Choice

The Hartman family's four-year savings total (without interest) is what amount?

Explanation:
The key idea is that when you save the same amount each year, the four-year total is simply four times the yearly saving. If the total over four years is 19,200, then the amount saved each year is 19,200 ÷ 4 = 4,800. Checking the total: 4,800 × 4 = 19,200 confirms it. The other numbers would correspond to different yearly savings (for example, 18,000 would imply 4,500 saved each year; 20,400 would imply 5,100 per year; 21,600 would imply 5,400 per year). Since the four-year total is 19,200, that makes 19,200 the correct total.

The key idea is that when you save the same amount each year, the four-year total is simply four times the yearly saving. If the total over four years is 19,200, then the amount saved each year is 19,200 ÷ 4 = 4,800. Checking the total: 4,800 × 4 = 19,200 confirms it.

The other numbers would correspond to different yearly savings (for example, 18,000 would imply 4,500 saved each year; 20,400 would imply 5,100 per year; 21,600 would imply 5,400 per year). Since the four-year total is 19,200, that makes 19,200 the correct total.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy