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.   If you invest $1200 in an account that pays 13.2% simple interest, what is the balance of the account after 4 years?
    A. $633.60 B. $1833.60
    C. $5433.60 D. $1358.40
    Hint

  3.   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. $464.23
    C. $772.91 D. $134.78
    Hint

  4.   Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
    A. $26.46 B. $79.37
    C. $90.34 D. $28.50
    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. $278.59 B. $23.22
    C. $49.30 D. $4.11
    Hint



Glencoe
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