1.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$11.31
B.
$15.08
C.
$16.97
D.
$22.62
Hint
2.
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
3.
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.
$10,569.46
B.
$531.51
C.
$8,018.21
D.
$56,127.46
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.
$589.60
B.
$294.80
C.
$569.80
D.
$946.00
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.
$100.00
D.
$266.25
Hint