1.
If you invest $1200 in an account that pays 13.2% simple interest, what is the balance of the account after 4 years?
A.
$1833.60
B.
$1358.40
C.
$633.60
D.
$5433.60
Hint
2.
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.
$134.78
C.
$772.91
D.
$733.78
Hint
3.
What is the interest earned on a $348 investmant at
% for
9 months?
A.
$16.97
B.
$15.08
C.
$11.31
D.
$22.62
Hint
4.
Find the interest earned if $278.50 is placed in a savings account at 9.5% simple interest for 3 years.
A.
$26.46
B.
$79.37
C.
$90.34
D.
$28.50
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.
$100.00
C.
$266.25
D.
$106.50
Hint