Nokea
If an investment earns 5% interest annually, how much interest will it earn in 1 year on a principal of $1,000?
- A. $40
- B. $50
- C. $60
- D. $55
Correct Answer: B
Rationale: The correct answer is B: $50. To calculate the interest earned on an investment with a 5% interest rate on a principal of $1,000, you simply multiply the principal amount by the interest rate. 5% of $1,000 is $50. Therefore, the investment will earn $50 in interest in 1 year. Choice A, $40, is incorrect because it represents 4% interest instead of 5%. Choice C, $60, is incorrect because it overestimates the interest earned. Choice D, $55, is incorrect as it does not accurately reflect the 5% interest on the principal amount.
You may also like to solve these questions
What is the area of a rectangular room with a length of 12 meters and a width of 10 meters?
- A. 120 square meters
- B. 130 square meters
- C. 140 square meters
- D. 100 square meters
Correct Answer: A
Rationale: The correct answer is A: 120 square meters. To find the area of a rectangle, you multiply its length by its width. In this case, the length is 12 meters and the width is 10 meters. Therefore, the area of the room is 12m * 10m = 120 square meters. Choices B, C, and D are incorrect as they do not correctly calculate the area of the room based on its dimensions.
A patient is prescribed 500 mg of medication, but the available tablets are 250 mg each. How many tablets should be given?
- A. 3 tablets
- B. 2 tablets
- C. 4 tablets
- D. 5 tablets
Correct Answer: B
Rationale: To find out how many tablets of 250 mg are needed to reach a total of 500 mg, you divide the total prescribed dosage by the dosage per tablet. In this case, 500 mg / 250 mg per tablet = 2 tablets. Therefore, the correct answer is 2 tablets. Choice A (3 tablets) is incorrect because it would exceed the prescribed dosage. Choices C (4 tablets) and D (5 tablets) are incorrect as they would also provide more medication than needed.
Solve for x: x/250 = 3/500
- A. 1.5
- B. 25.5
- C. 1500
- D. 2.5
Correct Answer: A
Rationale: To solve for x in the equation x/250 = 3/500, you can cross-multiply: x*500 = 3*250. Therefore, 500x = 750. Now, divide both sides by 500: x = 750/500. Simplifying, x = 1.5. Therefore, the correct answer is A, 1.5. Choice B, 25.5, is incorrect as it does not match the correct calculation. Choice C, 1500, is incorrect as it is not the result of solving the equation given. Choice D, 2.5, is incorrect as well, as it does not align with the correct value of x obtained from the equation.
A store is offering a 25% discount on all items. If an item costs $120, what is the discounted price?
- A. $90
- B. $80
- C. $75
- D. $95
Correct Answer: A
Rationale: To calculate the discounted price after a 25% discount on $120, you first find the discount amount by multiplying $120 by 0.25, which equals $30. Subtracting the discount amount from the original price gives the discounted price: $120 - $30 = $90. Therefore, the correct answer is $90. Choice B, $80, is incorrect as it does not consider the 25% discount. Choice C, $75, is incorrect as it is lower than the correct calculation. Choice D, $95, is incorrect as it does not reflect the reduction from the discount.
A marathon runner completes 21.4 miles and burns 2276 calories. What is her rate of calories burned per mile?
- A. 106.3
- B. 106.4
- C. 106.355
- D. 106.36
Correct Answer: B
Rationale: To find the rate of calories burned per mile, divide the total calories burned by the total miles run. In this case, 2276 calories · 21.4 miles = 106.4 calories per mile. Therefore, the correct answer is B. Choice A (106.3) is incorrect because it is slightly lower than the calculated value. Choice C (106.355) is incorrect as it is a more precise value than the calculation result. Choice D (106.36) is also incorrect as it is a more precise value than the calculated answer.