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

  2.   Determine the amount of interest owed after 2 years on a $850 loan at % if no payments are made.
    A. $1058.25 B. $208.25
    C. $745.87 D. $104.13
    Hint

  3.   Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
    A. $79.37 B. $90.34
    C. $28.50 D. $26.46
    Hint

  4.   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. $8,018.21
    C. $531.51 D. $56,127.46
    Hint

  5.   Find the interest earned if you place $76.43 into an account that pays 21.5% simple interest, and leave it in for 3 months.
    A. $23.22 B. $278.59
    C. $49.30 D. $4.11
    Hint



Glencoe
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