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. What is the result of multiplying 8 by 2?

• A. 16
• B. 22
• C. 24
• D. 32

Correct answer: A

Rationale: The correct answer is A: 16. When you multiply 8 by 2, the result is 16. Choice B (22), Choice C (24), and Choice D (32) are incorrect as they do not represent the correct multiplication of 8 by 2.

3. When a die is rolled, what is the probability of rolling an odd number?

• A. 16.67%
• B. 33.33%
• C. 75%
• D. 50%

Correct answer: D

Rationale: When a die is rolled, there are 3 odd numbers (1, 3, 5) out of a total of 6 possible outcomes. The probability of rolling an odd number is calculated by dividing the number of favorable outcomes (3) by the total number of outcomes (6), resulting in a probability of 3/6 or 50%. Therefore, the correct answer is D. Choices A, B, and C are incorrect because they do not reflect the correct probability calculation for rolling an odd number on a standard six-sided die.

4. 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.

5. Add 7/8 + 9/10 + 6/5. Express the result as a mixed number.

• A. 3 & 39/40
• B. 3 & 22/23
• C. 22/23
• D. 2 & 39/40

Correct answer: A

Rationale: To add fractions, find a common denominator, which in this case is 40. Convert each fraction to have the common denominator: 7/8 = 35/40, 9/10 = 36/40, and 6/5 = 48/40. Add these fractions to get 119/40. Simplify this improper fraction to a mixed number, which is 3 & 39/40. Choice B and C are incorrect as they do not represent the sum of the fractions. Choice D is incorrect; the whole number part should be 3, not 2.

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