1.   Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for years.
    A. $48.72 B. $27.84
    C. $69.60 D. $14.50
    Hint

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

  3.   Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
    A. $28.50 B. $79.37
    C. $26.46 D. $90.34
    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. $589.60 B. $294.80
    C. $946.00 D. $569.80
    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. $85.20 B. $100.00
    C. $266.25 D. $106.50
    Hint



Glencoe
The McGraw-Hill Companies