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

  2.   If you invest $1200 in an account that pays 13.2% simple interest, what is the balance of the account after 4 years?
    A. $633.60 B. $5433.60
    C. $1358.40 D. $1833.60
    Hint

  3.   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. $772.91 B. $733.78
    C. $134.78 D. $464.23
    Hint

  4.   If you invest $7,593 in an account that pays 5.6% simple interest, and you leave all of the money in the account, what is the balance of the account after 7 years?
    A. $8,018.21 B. $531.51
    C. $56,127.46 D. $10,569.46
    Hint

  5.   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. $294.80 B. $589.60
    C. $569.80 D. $946.00
    Hint



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