Instructions: The real-life scenarios below represent the importance of using basic arithmetic and algebra to solve real-world quantitative problems. Choose three (3) scenarios from the
Instructions:The real-life scenarios below represent the importance of using basic arithmetic and algebra to solve real-world quantitative problems. Choose three (3) scenarios from the list. Complete each section below to apply your knowledge of this topic to each of your chosen scenarios. You may need to assume or infer additional information in order to complete the questions (for example: assume how many times you would visit the gym
Scenarios (choose three):
Saving money at the grocery store by using unit pricing.
Toilet paper A is 6 mega rolls for $4.59.
Toilet paper B is 12 mega rolls for $9.02.
Choosing a gym membership that fits my budget and lifestyle.
Gym A has a monthly payment of $50.
Gym B has a cost of $10 per visit.
Choosing the best bank for a new savings account.
Bank A offers 0.06% interest, charges a $35 fee if your balance drops below the monthly minimum of $500, but does not charge transaction fees.
Bank B offers 0.05% interest, has no minimum monthly balance requirement, but only allows two transactions each month and charges $3.50 for each transaction over two.
Determining weekly net pay when considering a new job. Assume you are in a 15% tax bracket and FICA (social security and medicare) is a flat 7.65%. There are no voluntary deductions such as insurance or 401k.
Job A is 40 hours per week and pays $15 per hour (gross pay) with no tips.
Job B is 30 hours per week and pays $5 per hour (gross pay) plus tips, which average $350 per week.
Determining which vehicle to purchase based on monthly payment.
Vehicle A has a final sale price of $25,000 at 5% interest and offers financing up to 60 months.
Vehicle B has a final sale price of $29,000 at 4% interest and offers financing up to 60 months.
Scenario Choice 1: (enter your chosen scenario here)
What information do you have and what information might you still need to solve this problem?
Answer the questions below to explain how you would apply arithmetic or algebra to solve this problem. You can assume/infer anything you need to apply the scenario to your life (for example: how many times you'd go to the gym each week if you chose that scenario). Enter your answer below each prompt:
Type your answer here:
What steps would you take to solve this problem? What formulas will you use? (if applicable)
Type your answer here:
Explain how you would calculate the result. (Be sure to show your computation for full credit). You can infer and add any additional details you feel you might need to create the calculation.
Type your answer here:
Explain your result in the context of your original situation/problem. (e.g., based on my calculations, I opt for gym membership B because....)
Type your answer here:
Scenario Choice 2: (enter your chosen scenario here)
What information do you have and what information might you still need to solve this problem?
Answer the questions below to explain how you would apply arithmetic or algebra to solve this problem. You can assume/infer anything you need to apply the scenario to your life (for example: how many times you'd go to the gym each week if you chose that scenario). Enter your answer below each prompt:
Type your answer here:
What steps would you take to solve this problem? What formulas will you use? (if applicable)
Type your answer here:
Explain how you would calculate the result. (Be sure to show your computation for full credit). You can infer and add any additional details you feel you might need to create the calculation.
Type your answer here:
Explain your result in the context of your original situation/problem. (e.g., based on my calculations, I opt for gym membership B because....)
Type your answer here:
Scenario Choice 3: (enter your chosen scenario here)
What information do you have and what information might you still need to solve this problem?
Answer the questions below to explain how you would apply arithmetic or algebra to solve this problem. You can assume/infer anything you need to apply the scenario to your life (for example: how many times you'd go to the gym each week if you chose that scenario). Enter your answer below each prompt:
Type your answer here:
What steps would you take to solve this problem? What formulas will you use? (if applicable)
Type your answer here:
Explain how you would calculate the result (Be sure to show your computation for full credit). You can infer and add any additional details you feel you might need to create the calculation.
Type your answer here:
Explain your result in the context of your original situation/problem. (e.g., based on my calculations, I opt for gym membership B because....)
Type your answer here:
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