

1. 
Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for years. 


A. 
$27.84 
B. 
$48.72 


C. 
$69.60 
D. 
$14.50 


Hint 


2. 
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. 
$134.78 
B. 
$772.91 


C. 
$733.78 
D. 
$464.23 


Hint 


3. 
Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made. 


A. 
$104.13 
B. 
$1058.25 


C. 
$208.25 
D. 
$745.87 


Hint 


4. 
Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years. 


A. 
$26.46 
B. 
$79.37 


C. 
$90.34 
D. 
$28.50 


Hint 


5. 
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. 
$4.11 
B. 
$278.59 


C. 
$23.22 
D. 
$49.30 


Hint 


