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.
The function p(x) = 0.002 x2 + 0.41 x + 7.34 models the percent of the population in the United States, p(x), who graduated from college x years after 1960. Calculate the increase in the percent of the population that graduated from college from 1990 to 2000.
3.
Farmer A can plow a certain field in 6 hours by herself. Working together with Farmer B, it takes them 4.5 hours. How long would it take Farmer B to plow the field on his own?
4.
Simplify the exponential expression (8ab-3)2/3(-2a-1b2)2 .
5.
Al drives 50 miles at a constant speed. If he had driven 5 miles per hour faster, he would have shortened the time of his trip by 10 minutes. Find r-t, where r is the speed at which Al drove in miles per hour, and t is the time in hours he drove.
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