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 probability of rolling an even number on a six-sided die?

• A. 50%
• B. 16.70%
• C. 25%
• D. 33.30%

Correct answer: A

Rationale: The correct answer is A, 50%. A standard six-sided die has three even numbers (2, 4, 6) out of six possible outcomes. The probability of rolling an even number is therefore 3 out of 6, which simplifies to 50%. Choices B, C, and D are incorrect because they do not accurately reflect the probability of rolling an even number on a six-sided die.

3. Change the following percentage to a decimal: 58%

• A. 0.58
• B. 5
• C. 0
• D. 0

Correct answer: A

Rationale: To convert a percentage to a decimal, move the decimal point two places to the left. Therefore, 58% as a decimal is 0.58. Choice B, 5, is incorrect as it does not represent the conversion of a percentage to a decimal. Choices C and D, both 0, are also incorrect as they do not reflect the correct conversion of 58% to a decimal.

4. 5\7 + 3\14 = ?

• A. 13\14
• B. 10/14
• C. 11/14
• D. 12/14

Correct answer: A

Rationale: To add fractions with different denominators, first find a common denominator. The least common denominator between 7 and 14 is 14. Convert 5/7 to 10/14: 5 / 7 = 10 / 14 5/7=10/14 Now add the two fractions: 10 / 14 + 3 / 14 = 13 / 14 10/14+3/14=13/14

5. What is 70% of 200?

• A. 100
• B. 100
• C. 200
• D. 140

Correct answer: D

Rationale: To find 70% of a number, you multiply the number by 0.70. Therefore, 70% of 200 is calculated as 0.7 × 200 = 140. Choices A, B, and C are incorrect as they do not represent the correct calculation for finding 70% of 200.

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