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. $1358.40 B. $1833.60
    C. $5433.60 D. $633.60
    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. $733.78 B. $772.91
    C. $464.23 D. $134.78
    Hint

  4.   What is the interest earned on a $348 investmant at % for
9 months?
    A. $22.62 B. $16.97
    C. $15.08 D. $11.31
    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. $266.25 B. $85.20
    C. $106.50 D. $100.00
    Hint



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