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. $48.72 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. $1833.60 B. $633.60
    C. $1358.40 D. $5433.60
    Hint

  3.   Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made.
    A. $745.87 B. $208.25
    C. $104.13 D. $1058.25
    Hint

  4.   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. $4.11 B. $23.22
    C. $49.30 D. $278.59
    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. $100.00
    C. $266.25 D. $85.20
    Hint



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