1.
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.
$633.60
D.
$5433.60
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.
$772.91
C.
$733.78
D.
$134.78
Hint
3.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$15.08
B.
$11.31
C.
$16.97
D.
$22.62
Hint
4.
Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
A.
$90.34
B.
$26.46
C.
$28.50
D.
$79.37
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.
$23.22
B.
$4.11
C.
$278.59
D.
$49.30
Hint