

1. 
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. 
$1833.60 


C. 
$633.60 
D. 
$5433.60 


Hint 


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


A. 
$208.25 
B. 
$104.13 


C. 
$1058.25 
D. 
$745.87 


Hint 


3. 
Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years. 


A. 
$90.34 
B. 
$28.50 


C. 
$26.46 
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. 
$8,018.21 
D. 
$10,569.46 


Hint 


5. 
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. 
$49.30 
B. 
$278.59 


C. 
$4.11 
D. 
$23.22 


Hint 


