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. Subtract 17 2\3 - 8 5\9.

• A. 8 4\9
• B. 9 1\9
• C. 8 3\9
• D. 8 4\9

Correct answer: B

Rationale: Find a common denominator to subtract: 17 2\3 - 8 5\9 = 9 1\9.

3. Multiply: 15 × 14 = and express the result in decimal form.

• A. 0.0021
• B. 0.021
• C. 0.21
• D. 2.1

Correct answer: D

Rationale: To find the product of 15 and 14, you multiply the two numbers together. 15 multiplied by 14 equals 210. When written in decimal form, it is 2.1. Therefore, the correct answer is 2.1, which corresponds to option D. Choices A, B, and C are incorrect as they reflect values much smaller than the actual product of 15 and 14, which is 210, equivalent to 2.1 in decimal form.

4. The height of a building is 150 feet. If each floor of the building is 12 feet high, how many floors are in the building?

• A. 13 floors
• B. 15 floors
• C. 10 floors
• D. 18 floors

Correct answer: A

Rationale: To determine the number of floors in the building, divide the total height of the building (150 feet) by the height of each floor (12 feet). 150 feet ÷ 12 feet per floor = 12.5 floors. Since floors cannot be in fractions, the answer is rounded down to the nearest whole number, which is 13 floors. Therefore, the correct answer is A: 13 floors. Choice B (15 floors) is incorrect because the calculation results in 12.5 floors, which should be rounded down. Choices C (10 floors) and D (18 floors) are incorrect as they do not accurately reflect the division result and rounding down process.

5. Stewart has 56 acres of land. He wants to divide the land into plots of 0.25 acres. How many plots of land will Stewart have after he divides the 56 acres?

• A. 224 plots
• B. 220 plots
• C. 210 plots
• D. 230 plots

Correct answer: A

Rationale: To find the number of plots, divide 56 acres by 0.25 acres per plot: 56 ÷ 0.25 = 224 plots. Therefore, Stewart will have 224 plots of land after dividing the 56 acres. The correct answer is A because dividing 56 acres by 0.25 acres per plot gives 224 plots, not 220, 210, or 230 plots.

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