1.
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.
$134.78
B.
$464.23
C.
$733.78
D.
$772.91
Hint
2.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$16.97
B.
$11.31
C.
$15.08
D.
$22.62
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.
$56,127.46
B.
$531.51
C.
$8,018.21
D.
$10,569.46
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.
$294.80
C.
$946.00
D.
$589.60
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.
$85.20
B.
$266.25
C.
$100.00
D.
$106.50
Hint