

1. 
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. 
$1833.60 


C. 
$1358.40 
D. 
$5433.60 


Hint 


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


A. 
$22.62 
B. 
$11.31 


C. 
$16.97 
D. 
$15.08 


Hint 


3. 
Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years. 


A. 
$79.37 
B. 
$26.46 


C. 
$90.34 
D. 
$28.50 


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. 
$56,127.46 
B. 
$10,569.46 


C. 
$8,018.21 
D. 
$531.51 


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. 
$100.00 
B. 
$106.50 


C. 
$85.20 
D. 
$266.25 


Hint 


