Nursing Elites

1. 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.

2. Which of the following is equivalent to 0.0009?

• A. 0.09%
• B. 9%
• C. 0.01%
• D. 0.90%

Correct answer: A

Rationale: The correct answer is A: 0.09%. To convert 0.0009 to a percentage, move the decimal point four places to the right and add a percentage sign. Therefore, 0.0009 is equal to 0.09%. Choice B (9%) is incorrect as it represents 0.09 without the decimal point adjustment. Choice C (0.01%) is incorrect as it represents 0.0009 with one less zero. Choice D (0.90%) is incorrect as it represents 0.9 not 0.0009.

3. Your supervisor instructs you to purchase 240 pens and 6 staplers for the nurse's station. Pens are purchased in sets of 6 for $2.35 per pack. Staplers are sold in sets of 2 for $12.95 each. How much will purchasing these products cost?

• A. $162.00
• B. $132.00
• C. $225.00
• D. $145.00

Correct answer: B

Rationale: To find the total cost, first calculate the cost of pens and staplers separately. 240 pens require 40 packs (240 pens ÷ 6 pens per pack = 40 packs). Each pack of pens costs $2.35, so 40 packs cost $94 (40 packs × $2.35 per pack = $94). For the staplers, 6 staplers require 3 packs (6 staplers ÷ 2 staplers per pack = 3 packs). Each pack of staplers costs $12.95, so 3 packs cost $38.85 (3 packs × $12.95 per pack = $38.85). Adding the cost of pens and staplers together gives a total of $132.85, which rounds to $132.00. Therefore, the correct answer is $132.00. Choice A is incorrect as it does not consider the individual prices of pens and staplers. Choice C is incorrect as it overestimates the total cost by combining the costs incorrectly. Choice D is incorrect as it underestimates the total cost by not considering both pens and staplers.

4. Change the following percentage to a decimal: 58%

• A. 0.58
• B. 5
• C. 0
• D. 0

Correct answer: A

Rationale: To convert a percentage to a decimal, move the decimal point two places to the left. Therefore, 58% as a decimal is 0.58. Choice B, 5, is incorrect as it does not represent the conversion of a percentage to a decimal. Choices C and D, both 0, are also incorrect as they do not reflect the correct conversion of 58% to a decimal.

5. A team from the highway department can replace 14 streetlights in 7 hours of work. If they work a 30-hour week at this job, in how many weeks will they replace all 120 downtown streetlights?

• A. 1½ weeks
• B. 2 weeks
• C. 2½ weeks
• D. 3 weeks

Correct answer: B

Rationale: If the team can replace 14 streetlights in 7 hours, it means they replace 2 streetlights per hour. In a 30-hour week, they can therefore replace 2 x 30 = 60 streetlights. To replace all 120 downtown streetlights, they will need 120 / 2 = 60 hours, which is equivalent to 60 / 30 = 2 weeks. Therefore, the correct answer is 2 weeks. Choice A, 1½ weeks, is incorrect because it doesn't consider the total number of streetlights that need to be replaced. Choice C, 2½ weeks, is incorrect as it overestimates the time needed. Choice D, 3 weeks, is incorrect as it underestimates the efficiency of the team in replacing streetlights.

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