if an investment earns 5 interest annually how much interest will it earn in 1 year on a principal of 1000
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HESI A2

HESI A2 Math

1. If an investment earns 5% interest annually, how much interest will it earn in 1 year on a principal of $1,000?

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.

2. Add: 34 + 74 + 37 = ?

Correct answer: A

Rationale: To find the sum of the numbers 34 + 74 + 37, add them together: 34 + 74 + 37 = 145. Therefore, the correct answer is A. Choice B (155) is incorrect as it results from adding 34 + 74 + 37 incorrectly. Choice C (154) is incorrect as it is the result of adding the first two numbers correctly, but missing the addition of the third number. Choice D (135) is incorrect as it is the result of a calculation error, possibly adding the numbers in a different order.

3. After taking several practice tests, Brian improved the results of his GRE test by 30%. Given that the first time he took the test Brian answered 150 questions correctly, how many questions did he answer correctly on the second test?

Correct answer: D

Rationale: If Brian answered 150 questions correctly on the first test, after improving his results by 30%, he would have answered (150 * 1.30) = 195 questions correctly on the second test. Therefore, the correct answer is 195, option D. Choices A, B, and C are incorrect as they do not account for the 30% improvement in the number of questions Brian answered correctly on the second test.

4. Convert 2/5 to a decimal.

Correct answer: C

Rationale: To convert 2/5 to a decimal, you divide the numerator (2) by the denominator (5): 2 ÷ 5 = 0.4. Therefore, the correct decimal representation of 2/5 is 0.4. Choice A (0.5) is incorrect because it represents 1/2, not 2/5. Choice B (0.25) is incorrect as it represents 1/4, not 2/5. Choice D (0.5) is incorrect as it also represents 1/2, not 2/5.

5. In a scale drawing for a garden, 2 cm = 1 m. If the garden measures 8 cm by 10 cm in the drawing, how large will it be in reality?

Correct answer: C

Rationale: In the scale drawing, 2 cm represents 1 m. To find the actual dimensions of the garden in reality, we need to multiply the dimensions in the drawing by the scale factor. So, 8 cm x 2 = 16 cm in reality (length) and 10 cm x 2 = 20 cm in reality (width). Converting these to meters, the garden will be 16 m by 20 m. Choices A, B, and D are incorrect because they do not correctly apply the scale factor to determine the actual dimensions of the garden.

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