1.
Find the interest earned if $580 is placed in a savings account at 4.8% simple interest for
years.
A.
$69.60
B.
$48.72
C.
$27.84
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.
$1358.40
B.
$633.60
C.
$1833.60
D.
$5433.60
Hint
3.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$16.97
B.
$11.31
C.
$22.62
D.
$15.08
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.
$294.80
B.
$946.00
C.
$589.60
D.
$569.80
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.
$100.00
B.
$266.25
C.
$85.20
D.
$106.50
Hint