

1. 
Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for years. 


A. 
$69.60 
B. 
$48.72 


C. 
$27.84 
D. 
$14.50 


Hint 


2. 
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. 
$134.78 


C. 
$464.23 
D. 
$772.91 


Hint 


3. 
What is the interest earned on a $348 investmant at % for 9 months? 


A. 
$15.08 
B. 
$16.97 


C. 
$11.31 
D. 
$22.62 


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. 
$531.51 
B. 
$56,127.46 


C. 
$10,569.46 
D. 
$8,018.21 


Hint 


5. 
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. 
$4.11 
B. 
$49.30 


C. 
$23.22 
D. 
$278.59 


Hint 


