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 dividing 4 7/8 by 1 1/6?

• A. 4 5/28
• B. 4 7/8
• C. 5 8/14
• D. 5 3/28

Correct answer: A

Rationale: To divide mixed numbers, convert them to improper fractions and then multiply by the reciprocal of the divisor. Here, 4 7/8 = 39/8 and 1 1/6 = 7/6. Dividing 39/8 by 7/6 gives 39/8 ÷ 7/6 = 39/8 * 6/7 = 234/56 = 4 5/28. Therefore, the correct answer is A. Choices B, C, and D are incorrect as they do not represent the correct result of dividing 4 7/8 by 1 1/6.

3. At the bake sale, Josie bought 3 brownies for $35 each. She paid with a $5 bill. What change did she receive?

• A. $0.85
• B. $0.95
• C. $1.05
• D. $1.15

Correct answer: B

Rationale: Josie bought 3 brownies for $35 each, totaling $3 x $35 = $105. She paid with a $5 bill, so the change she received would be $105 - $5 = $100. Therefore, Josie received $100 in change, which is equivalent to $0.95. Choice A, $0.85, is incorrect because the change is $100, not $0.85. Choice C, $1.05, is incorrect as it is not the correct change for the transaction. Choice D, $1.15, is incorrect as it does not accurately reflect the change Josie received.

4. How many ounces are in 4 quarts?

• A. 64 ounces
• B. 128 ounces
• C. 32 ounces
• D. 16 ounces

Correct answer: B

Rationale: The correct answer is B: 128 ounces. There are 32 ounces in a quart, so when you have 4 quarts, you multiply 4 by 32 to get the total number of ounces, which equals 128. Choices A, C, and D are incorrect because they do not reflect the correct conversion from quarts to ounces.

5. How many meters are in 3 kilometers?

• A. 3000 meters
• B. 2000 meters
• C. 3500 meters
• D. 2500 meters

Correct answer: A

Rationale: The correct answer is A: 3000 meters. To convert kilometers to meters, you need to know that there are 1000 meters in 1 kilometer. Therefore, to find the number of meters in 3 kilometers, you multiply 3 by 1000, resulting in 3000 meters. Choice B, 2000 meters, is incorrect as it doesn't account for the correct conversion factor. Choice C, 3500 meters, and Choice D, 2500 meters, are also incorrect as they provide inaccurate conversions.

Similar Questions