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. Convert this military time to regular time: 1010 hours.

• A. 10:10 A.M.
• B. 10:10 P.M.
• C. 1:01 A.M.
• D. 1:01 P.M.

Correct answer: A

Rationale: To convert military time to regular time, we can drop the first two digits if they are less than 12. 1010 hours can be converted to 10:10 A.M. because it is before noon (12:00 P.M.). Military time operates on a 24-hour clock system, with 0000 hours indicating midnight and 1200 hours representing noon. Therefore, in this case, 1010 corresponds to 10:10 A.M. Choice B (10:10 P.M.) is incorrect as 1010 hours is in the morning, not the evening. Choices C (1:01 A.M.) and D (1:01 P.M.) are incorrect as they do not match the given military time of 1010 hours.

3. Express 0.608 as a percent.

• A. 60.8%
• B. 68%
• C. 0%
• D. 6%

Correct answer: A

Rationale: To convert a decimal to a percentage, you move the decimal point two places to the right and add a percentage sign. Therefore, 0.608 as a percent is 60.8%. The correct answer is A. Choice B (68%) is incorrect because it represents the percentage for a different decimal value. Choice C (0%) is incorrect as it represents 0 as a percentage, not 0.608. Choice D (6%) is incorrect as it also represents a different decimal value, not 0.608.

4. 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.

5. The plane is due to land at 6:20 P.M. What would that be in military time?

• A. 620
• B. 1820
• C. 6020
• D. 6200

Correct answer: B

Rationale: In military time, the afternoon and evening hours are represented by adding 12 to the standard time. Therefore, 6:20 P.M. would be equivalent to 18:20 in military time. To convert from P.M. to military time, simply add 12 hours to the given time. Choice A, '620,' is incorrect because it does not account for converting to military time. Choice C, '6020,' is incorrect as military time uses a 24-hour clock format, and the hour digit should not exceed 23. Choice D, '6200,' is incorrect as it does not follow the military time format where the hour part ranges from 00 to 23.

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