1.   Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for years.
    A. $48.72 B. $69.60
    C. $14.50 D. $27.84
    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. $633.60
    C. $5433.60 D. $1833.60
    Hint

  3.   Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made.
    A. $1058.25 B. $745.87
    C. $208.25 D. $104.13
    Hint

  4.   Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
    A. $28.50 B. $90.34
    C. $79.37 D. $26.46
    Hint

  5.   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. $294.80 D. $589.60
    Hint



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