Arithmetic ReasoningPregunta 8 de 120
You deposit $500 in an account earning 4% simple interest per year. How much interest is earned in 3 years?
a.$20
b.$40
c.$80
d.$60
Explicación
Simple interest equals principal times rate times time. That is $500 times 0.04 times 3, which equals $60. Simple interest is calculated only on the original principal.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- The average of four test scores is 85. Three of the scores are 80, 90, and 85. What is the fourth score?
- A worker can assemble 8 units per hour. How many units can 3 workers assemble in 5 hours at that rate?
- A jacket originally priced at $80 is discounted 15%. What is the sale price?
- Two cars start from the same point and drive in opposite directions at 40 mph and 55 mph. How far apart are they after 2 hours?
- A map uses a scale of 1 inch to 25 miles. Two towns are 4.5 inches apart on the map. What is the actual distance?
- A rectangular room is 12 feet long and 9 feet wide. If carpet costs $3 per square foot, what is the total cost to carpet the room?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con ASVAB (Armed Services Vocational Aptitude Battery) · Cómo revisamos