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

  2.   What is the interest earned on a $348 investmant at % for
9 months?
    A. $22.62 B. $16.97
    C. $11.31 D. $15.08
    Hint

  3.   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. $10,569.46 B. $531.51
    C. $8,018.21 D. $56,127.46
    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. $569.80 B. $589.60
    C. $294.80 D. $946.00
    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. $266.25
    C. $100.00 D. $85.20
    Hint



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