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. Rebecca is able to paint 12 pickets on her picket fence in an hour. Her fence is 72 feet long, with 2 pickets per foot. How long will it take her to paint the fence?

Correct answer: B

Rationale: Rebecca can paint 12 pickets in 1 hour, which means she can paint 12 * 2 = 24 pickets in an hour. Since the fence is 72 feet long with 2 pickets per foot, she needs to paint a total of 72 * 2 = 144 pickets. If she paints 24 pickets per hour, it will take her 144 / 24 = 6 hours to paint the entire fence. Choice A (2.4 hours) is incorrect because it does not consider the total number of pickets on the fence. Choice C (12 hours) is incorrect as it overestimates the time needed based on her painting rate. Choice D (16.4 hours) is incorrect as it miscalculates the time required to paint the entire fence.

3. If John buys 3 bags of chips for $4.50, how much will it cost John to buy five bags of chips?

Correct answer: A

Rationale: If 3 bags of chips cost $4.50, then the cost per bag is $4.50/3 = $1.50. To buy five bags, John would need to pay 5 bags * $1.50 = $7.50. Therefore, it will cost John $7.50 to buy five bags of chips. The other choices are incorrect because they do not accurately calculate the total cost based on the given information.

4. What factor is used to convert pounds to kilograms?

Correct answer: B

Rationale: The correct factor to convert pounds to kilograms is 2.2. To perform the conversion, you need to divide the number of pounds by 2.2. Choice A (1.8) is incorrect as it's not the standard conversion factor. Choice C (2.5) and Choice D (2) are also incorrect factors for converting pounds to kilograms.

5. Report all decimal places: 3.7 + 7.289 + 4 =

Correct answer: A

Rationale: To find the sum, you add the numbers 3.7, 7.289, and 4 together. 3.7 + 7.289 + 4 equals 14.989. The correct answer is 14.989 because it includes all decimal places from the sum of the numbers provided. Choice B (5.226) is incorrect as it doesn't account for the sum of the given numbers. Choice C (15.0) is incorrect as it rounds the sum to the nearest whole number, losing the decimal precision. Choice D (5.012) is incorrect as it doesn't reflect the correct sum of the decimal numbers.

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