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.
$69.60
D.
$48.72
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.
$733.78
B.
$772.91
C.
$464.23
D.
$134.78
Hint
3.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$16.97
B.
$15.08
C.
$22.62
D.
$11.31
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.
$8,018.21
B.
$10,569.46
C.
$531.51
D.
$56,127.46
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.
$294.80
B.
$946.00
C.
$569.80
D.
$589.60
Hint