Online Exam: High School

Actuaries in the U.S., Canada and other parts of the world earn professional credentials by passing a series of examinations. This Online Exam is designed to give you an idea of the types of questions you might encounter on the preliminary actuarial examinations administered by the Casualty Actuarial Society and Society of Actuaries. Please be sure to review the Actuarial Exams section of the Web Site, where you can access complete sample actuarial exams.

Answer the five multiple choice questions below, then click submit to see your results. If you are a college student or a working professional considering a career change, please take our College version of the Online Exam.

1.

The monthly benefit of a retirement plan is given by B = 2/5 w + 1/125 n, where w is an employee's average monthly salary and n is the number of years the employee has worked for the company. What is the average monthly salary needed for an employee who has worked for the company 25 years to receive a benefit of $980?

2.

Simplify the exponential expression (8ab^-3)^2/3(-2a^-1b²)² .

3.

Find the slope of the line connecting the two points (-1,2) and (2,-3).

4.

Betty has 35 coins, all nickel, dimes, and quarters. She has half as many nickels as dimes. The total value of the coins is $4.75.

If Q equals the number of quarter, and N equals the number of nickels, what is the value of |Q-N|?

5.

A high school has a $2,000 budget for a DJ, decorations, food and a hall for their spring dance. The DJ cost twice the price of the decorations. The food and decorations were purchased from the same place for a total of $500. The fee to rent the hall was four times the cost of the food. Because the hall and the DJ were rented from the same company, the high school got both for $1,500. How much was the DJ?.