1.
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.
$772.91
B.
$134.78
C.
$733.78
D.
$464.23
Hint
2.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$16.97
B.
$11.31
C.
$22.62
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.
$90.34
C.
$26.46
D.
$28.50
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.
$4.11
B.
$23.22
C.
$278.59
D.
$49.30
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.
$85.20
B.
$100.00
C.
$106.50
D.
$266.25
Hint