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. $27.84 D. $69.60
    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. $1833.60 B. $5433.60
    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. $745.87 B. $1058.25
    C. $208.25 D. $104.13
    Hint

  4.   Find the interest earned if you place $76.43 into an account that pays 21.5% simple interest, and leave it in for 3 months.
    A. $23.22 B. $49.30
    C. $278.59 D. $4.11
    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. $569.80 B. $946.00
    C. $589.60 D. $294.80
    Hint



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