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

  3.   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. $278.59 B. $4.11
    C. $49.30 D. $23.22
    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. $946.00 B. $569.80
    C. $589.60 D. $294.80
    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



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