Section 3: Personal Finance

Question

1.) Jackson got a summer job babysitting a neighbor's son a few days a week. He will get paid $12.50 per hour. If he works 12 hours a week, how much is he paid per week?

(1 point)
Responses

$125.00
$125.00

$150.00
$150.00

$200.00
$200.00

$175.00
Section 3: Personal Finance

2.) Jackson really wants a PS5, but he has to pay for it with his own money. He decides to put 65% of what he makes each week into his savings account. If he does that for 6 weeks, how much money will he have saved?

(1 point)
Responses

$585.00
$585.00

$540.00
$540.00

$600.00
$600.00

$640.00
Question
Section 3: Personal Finance

3.) After 6 weeks Jackson decided that he is ready to  make his purchase. He went to Target and discovered that there is a deal this week that when you purchase a PS5 console you can get a controller for 50% off. The PS5 costs $499.99 and the controller he wants is normally $74.99. With this deal, how much will his total be before tax? Round your answer tot he nearest hundredth.

(1 point)
Responses

$287.49
$287.49

$324.99
$324.99

$574.98
$574.98

$537.49

GPT-4o mini · Answer

Let's go through each question one by one.

1.) Jackson's weekly pay:

He's paid $12.50 per hour.
He works 12 hours a week.

Weekly pay = Hourly rate × Hours worked = $12.50 × 12 = $150.00

Answer: $150.00

2.) Jackson wants to save 65% of what he makes each week for 6 weeks:

From question 1, we know he makes $150.00 per week.
Amount saved each week = 65% of weekly pay = 0.65 × $150.00 = $97.50

Total savings for 6 weeks = Savings per week × Number of weeks = $97.50 × 6 = $585.00

Answer: $585.00

3.) Calculating the total cost of the PS5 and the controller with the discount:

PS5 cost = $499.99
Controller cost = $74.99
Controller discount = 50% of $74.99 = $74.99 / 2 = $37.49

Total cost before tax = PS5 cost + Discounted controller cost = $499.99 + $37.49 = $537.48 (rounding to the nearest hundredth)

Answer: $537.49

Here is a summary of the answers:

$150.00
$585.00
$537.49