

1. 
Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for years. 


A. 
$27.84 
B. 
$14.50 


C. 
$48.72 
D. 
$69.60 


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. 
$1833.60 
B. 
$633.60 


C. 
$1358.40 
D. 
$5433.60 


Hint 


3. 
Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made. 


A. 
$745.87 
B. 
$208.25 


C. 
$104.13 
D. 
$1058.25 


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. 
$49.30 
D. 
$278.59 


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. 
$100.00 


C. 
$266.25 
D. 
$85.20 


Hint 


