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 adding 12 + 2 + 312?

• A. 936
• B. 374.4
• C. 326
• D. 318.24

Correct answer: C

Rationale: To find the sum of 12 + 2 + 312, you simply need to add these numbers together. 12 + 2 = 14, and when you add 312 to 14, you get the correct total of 326. Therefore, the correct answer is C. Choice A (936), choice B (374.4), and choice D (318.24) are incorrect as they do not represent the correct sum of the given numbers.

3. 5 1\3 + 3 1\2.

• A. 8 5/6
• B. 9
• C. 7
• D. 8

Correct answer: A

Rationale: 5 1\3 + 3 1\2 equals 8 5\6.

4. Which of the following numbers is a perfect square?

• A. 10
• B. 12
• C. 15
• D. 16

Correct answer: D

Rationale: A perfect square is a number obtained by squaring an integer. In this case, 16 is a perfect square because it is the result of squaring 4 (4 x 4 = 16). The other answer choices, 10, 12, and 15, are not the product of squaring any whole number, making them incorrect. Therefore, the correct answer is 16, as it is a perfect square.

5. Convert 3/4 to a decimal.

• A. 0.75
• B. 0.5
• C. 0.65
• D. 0.85

Correct answer: A

Rationale: To convert a fraction to a decimal, divide the numerator by the denominator. In this case, 3 divided by 4 is equal to 0.75. Therefore, the correct answer is A. Choices B, C, and D are incorrect because they do not represent the equivalent decimal value of 3/4. 0.5 is the decimal equivalent of 1/2, 0.65 is the decimal equivalent of 13/20, and 0.85 is the decimal equivalent of 17/20.

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