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. An artist sells paintings at $5.50 each. She has 7 stands and pays $35 per stand. What is her profit if she sells an average of 11 paintings per stand?

• A. $245
• B. $178.50
• C. $175
• D. $423.50

Correct answer: B

Rationale: To calculate the profit, first determine the total revenue: 7 stands * 11 paintings per stand * $5.50 per painting = $423.50. Then, subtract the total stand expenses ($35 per stand * 7 stands = $245) from the total revenue to get the profit: $423.50 - $245 = $178.50. Therefore, the correct answer is $178.50. Option A is incorrect because it does not account for the stand expenses. Option C is incorrect as it does not consider the total revenue. Option D is incorrect as it overestimates the profit by not deducting the stand expenses.

3. Convert the decimal to a percent: 0.64

• A. 0.64%
• B. 6.4%
• C. 64%
• D. 0.064%

Correct answer: C

Rationale: To convert a decimal to a percent, you multiply by 100 or move the decimal point two places to the right. In this case, 0.64 becomes 64%. Therefore, the correct answer is 64%. Choice A, 0.64%, is incorrect because it does not convert the decimal to a percent. Choice B, 6.4%, is incorrect as it mistakenly moves the decimal point only one place. Choice D, 0.064%, is incorrect as it moves the decimal point three places instead of two.

4. Out of a total of 50 homes, she sold 11. What percentage of the homes did she sell?

• A. 16%
• B. 18%
• C. 22%
• D. 24%

Correct answer: C

Rationale: To find the percentage of homes she sold, divide the number of homes she sold (11) by the total number of homes (50), then multiply by 100. (11 / 50) * 100 = 22%. Therefore, she sold 22% of the homes. Choice A (16%) is incorrect because it is less than the correct percentage. Choice B (18%) is also less than the correct percentage. Choice D (24%) is greater than the correct percentage of homes she sold.

5. How many pounds are in 176 ounces?

• A. 15 pounds
• B. 10 pounds
• C. 12 pounds
• D. 11 pounds

Correct answer: D

Rationale: To convert ounces to pounds, you divide the number of ounces by 16 since there are 16 ounces in a pound. Therefore, 176 ounces ÷ 16 = 11 pounds. Choice A is incorrect because it miscalculates the conversion. Choices B and C are also incorrect as they do not accurately convert the given ounces to pounds.

Similar Questions