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.
$464.23
B.
$733.78
C.
$134.78
D.
$772.91
Hint
2.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$11.31
B.
$15.08
C.
$22.62
D.
$16.97
Hint
3.
Determine the amount of interest owed after 2 years on a $850 loan at
% if no payments are made.
A.
$745.87
B.
$1058.25
C.
$104.13
D.
$208.25
Hint
4.
Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
A.
$28.50
B.
$26.46
C.
$90.34
D.
$79.37
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.
$106.50
B.
$85.20
C.
$266.25
D.
$100.00
Hint