

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. 
$633.60 
B. 
$5433.60 


C. 
$1358.40 
D. 
$1833.60 


Hint 


2. 
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 


3. 
What is the interest earned on a $348 investmant at % for 9 months? 


A. 
$16.97 
B. 
$15.08 


C. 
$22.62 
D. 
$11.31 


Hint 


4. 
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. 
$79.37 


C. 
$26.46 
D. 
$28.50 


Hint 


5. 
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. 
$294.80 
D. 
$589.60 


Hint 


