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.
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.
$464.23
B.
$733.78
C.
$134.78
D.
$772.91
Hint
3.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$22.62
B.
$15.08
C.
$16.97
D.
$11.31
Hint
4.
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
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.
$106.50
B.
$85.20
C.
$266.25
D.
$100.00
Hint