1.
Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for
years.
A.
$48.72
B.
$27.84
C.
$69.60
D.
$14.50
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.
$1358.40
C.
$5433.60
D.
$1833.60
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.
$772.91
C.
$134.78
D.
$464.23
Hint
4.
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
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.
$266.25
B.
$106.50
C.
$85.20
D.
$100.00
Hint