1.   Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for years.
    A. $69.60 B. $48.72
    C. $27.84 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. $464.23
    C. $772.91 D. $733.78
    Hint

  3.   What is the interest earned on a $348 investmant at % for
9 months?
    A. $16.97 B. $11.31
    C. $22.62 D. $15.08
    Hint

  4.   Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made.
    A. $208.25 B. $104.13
    C. $745.87 D. $1058.25
    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. $106.50 D. $100.00
    Hint



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