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. Gerald can bake 3 dozen cookies in 30 minutes. How long will it take him to bake 12 dozen cookies?

Correct answer: B

Rationale: If Gerald can bake 3 dozen cookies in 30 minutes, then he can bake 1 dozen cookies in 10 minutes (30 minutes / 3 = 10 minutes). To bake 12 dozen cookies, it would take him 120 minutes (12 dozen x 10 minutes = 120 minutes), which is equivalent to 1 hour and 40 minutes. Choice A (90 minutes) is incorrect because it does not account for the correct proportion of cookies baked. Choice C (2 hours) and Choice D (4 hours) are incorrect as they overestimate the time required based on the given information.

3. Given 15:x=3:8, find x.

Correct answer: A

Rationale: To find x, we set up the proportion 15:x = 3:8. Cross multiply to get 15*8 = 3*x, which simplifies to 120 = 3x. Dividing by 3 on both sides gives x = 40. Therefore, x=40 is the correct answer. Choices B, C, and D are incorrect because they do not match the correct calculation. Option B results from incorrectly dividing 15 by 3 instead of multiplying it by 8. Option C comes from dividing 15 by 3, and Option D is the result of dividing 15 by 8 instead of multiplying by 3.

4. Add 6 & 3/4 + 8 & 1/6.

Correct answer: C

Rationale: To add mixed numbers, first add the whole numbers together, then add the fractions. 6 + 8 = 14. For the fractions: 3/4 + 1/6 = (18 + 4) / 24 = 22/24 = 11/12. Therefore, 6 & 3/4 + 8 & 1/6 equals 14 & 11/12. Choice A is incorrect as it does not represent the correct sum. Choice B is incorrect because it does not match the correct result. Choice D is incorrect as it simplifies to 12 & 1/6, not 12 & 3/24.

5. A patient's temperature is 98.6 degrees Fahrenheit. What is their temperature in degrees Celsius (1°F = 5/9°C)?

Correct answer: A

Rationale: To convert Fahrenheit to Celsius, you need to subtract 32 from the Fahrenheit temperature (98.6°F) and then multiply the result by 5/9. Doing this calculation, you get 37°C. Choice B (32°C) is incorrect because it doesn't consider the conversion formula correctly. Choices C (41°C) and D (45°C) are incorrect as they do not apply the conversion formula accurately, leading to incorrect results.

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