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. Solve for y if y = 3: 4y + 21 / y.

Correct answer: B

Rationale: To solve for y, substitute y = 3 into the equation: 4(3) + 21 / 3 = 12 + 7 = 19. Therefore, the correct answer is 19. Choice A (7.7) is incorrect as it does not result from the substitution. Choice C (23/3) is incorrect as it does not match the calculated value. Choice D (11) is incorrect, as it is not the result of the provided equation.

3. If a marathon runner burns 2276 calories in 21.4 miles, what is their rate of calories burned per mile?

Correct answer: B

Rationale: To find the rate of calories burned per mile, divide the total calories burned by the total miles run: 2276 ÷ 21.4 ≈ 106.4 calories per mile. This calculation gives the average number of calories burned for each mile of the marathon. Choice A, 107.5, is incorrect as it does not match the precise calculation result. Choices C and D are also incorrect as they are not the accurate rate of calories burned per mile based on the given data.

4. A group of 8 friends went out to eat at a restaurant. They decided to split the bill evenly. If the bill totaled $120, how much did each friend pay?

Correct answer: A

Rationale: To determine how much each friend paid, divide the total bill amount by the number of friends. In this scenario, $120 ÷ 8 friends = $15. Therefore, each friend paid $15. Choice B ($10) is incorrect because dividing $120 by 8 does not yield $10. Choice C ($12) is incorrect because dividing $120 by 8 does not yield $12. Choice D ($20) is incorrect because dividing $120 by 8 does not yield $20.

5. A cake recipe calls for 2½ cups of flour. How many cups are needed to make 6 cakes?

Correct answer: D

Rationale: To make one cake, you need 2½ cups of flour. To make 6 cakes, you would need 6 times the amount of flour for one cake, which is 2½ x 6 = 15 cups. Therefore, the correct answer is 15 cups. Choices A, B, and C are incorrect as they do not correctly calculate the total amount of flour needed for 6 cakes.

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