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. A train takes 1.5 hours at a constant speed of 65 mph to arrive at the destination. How many miles did the train travel?

• A. 97.5 miles
• B. 100 miles
• C. 98 miles
• D. 95 miles

Correct answer: A

Rationale: To calculate the distance traveled, multiply the speed by the time taken: 65 mph × 1.5 hours = 97.5 miles. Therefore, the correct answer is A. Choice B (100 miles) is incorrect as it results from rounding up, which is not necessary. Choice C (98 miles) and Choice D (95 miles) are incorrect as they do not reflect the correct calculation based on the given speed and time.

3. Express the ratio of 13:60 as a percentage.

• A. 19.50%
• B. 21.67%
• C. 25.50%
• D. 31%

Correct answer: B

Rationale: To express the ratio 13:60 as a percentage, calculate the decimal form of the ratio by dividing 13 by 60: 13/60 ≈ 0.2167. Next, convert this decimal to a percentage by multiplying by 100: 0.2167 x 100 = 21.67%. Choice A, 19.50%, is incorrect as it does not accurately represent the ratio. Choice C, 25.50%, and Choice D, 31%, are also incorrect calculations of the percentage equivalent of the ratio 13:60.

4. 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.

5. Which numeric system was a base 20 system?

• A. Mayan
• B. Babylonian
• C. Roman
• D. Arabic

Correct answer: A

Rationale: The Mayan numeric system was a base 20 system, known as vigesimal, as it used base 20 numerals. This system was unique and employed a combination of symbols and positional notation to represent numbers. The Babylonian system was a base 60 system, Roman numerals were based on combinations of letters, and Arabic numerals are in base 10, making choices B, C, and D incorrect.

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