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. 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 รท 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.

3. A clinic sees an average of 25 patients every 4 hours. If the clinic is open for 8 hours, how many patients will they see in total?

Correct answer: D

Rationale: Rationale: 1. First, determine how many patients the clinic sees in one hour: 25 patients / 4 hours = 6.25 patients per hour (approximately 6 patients per hour) 2. Since the clinic is open for 8 hours, multiply the number of patients seen per hour by the number of hours the clinic is open: 6.25 patients/hour * 8 hours = 50 patients 3. Therefore, the clinic will see a total of 50 patients in 8 hours, which corresponds to answer choice D) 200.

4. In the number 743.25, which digit represents the tenths place?

Correct answer: C

Rationale: In the number 743.25, the tenths place is the first digit to the right of the decimal point, which is 2. Therefore, the correct answer is C. Choice A (3) represents the hundredths place, choice B (4) represents the units place, and choice D (5) represents the hundredths place.

5. Rectangle: A picture frame measures 15cm by 20cm. What is its perimeter?

Correct answer: C

Rationale: To find the perimeter of a rectangle, you add the lengths of all sides. The formula for the perimeter of a rectangle is 2 * (length + width). In this case, the length is 15cm and the width is 20cm. Therefore, the perimeter = 2 * (15cm + 20cm) = 65cm. Choice A (30cm), Choice B (55cm), and Choice D (75cm) are incorrect as they do not correctly calculate the perimeter of the given rectangle.

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