1.   An appliance store will sell televisions on credit with no payment due for 1 year from the date of purchase. What is the total cost of a $599 television after 1 year if the store charges 22.5% simple interest and no payments are made?
    A. $464.23 B. $733.78
    C. $772.91 D. $134.78
    Hint

  2.   Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made.
    A. $208.25 B. $745.87
    C. $104.13 D. $1058.25
    Hint

  3.   Find the interest earned if you place $76.43 into an account that pays 21.5% simple interest, and leave it in for 3 months.
    A. $23.22 B. $278.59
    C. $49.30 D. $4.11
    Hint

  4.   If you take out a loan for $550 at 7.2% simple interest and make no payments for 6 months, how much do you owe total?
    A. $569.80 B. $294.80
    C. $589.60 D. $946.00
    Hint

  5.   If you buy a necklace for $400 on your credit card, which charges 21.3% simple interest, how much interest will be added after 15 months?
    A. $266.25 B. $85.20
    C. $100.00 D. $106.50
    Hint



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