

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. 
$134.78 
B. 
$733.78 


C. 
$772.91 
D. 
$464.23 


Hint 


2. 
What is the interest earned on a $348 investmant at % for 9 months? 


A. 
$11.31 
B. 
$22.62 


C. 
$15.08 
D. 
$16.97 


Hint 


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


A. 
$1058.25 
B. 
$208.25 


C. 
$745.87 
D. 
$104.13 


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. 
$28.50 
D. 
$90.34 


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. 
$106.50 
B. 
$85.20 


C. 
$100.00 
D. 
$266.25 


Hint 


