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



Glencoe
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