1.   Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for years.
    A. $14.50 B. $48.72
    C. $69.60 D. $27.84
    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. $5433.60 B. $1833.60
    C. $1358.40 D. $633.60
    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. $745.87
    C. $208.25 D. $1058.25
    Hint

  4.   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. $90.34 D. $26.46
    Hint

  5.   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. $56,127.46 B. $10,569.46
    C. $531.51 D. $8,018.21
    Hint



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