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

  2.   What is the interest earned on a $348 investmant at % for
9 months?
    A. $15.08 B. $22.62
    C. $11.31 D. $16.97
    Hint

  3.   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. $26.46
    C. $90.34 D. $79.37
    Hint

  4.   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. $56,127.46 B. $531.51
    C. $10,569.46 D. $8,018.21
    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. $266.25 B. $106.50
    C. $85.20 D. $100.00
    Hint



Glencoe
The McGraw-Hill Companies