if an investment earns 5 interest annually how much interest will it earn in 1 year on a principal of 1000
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HESI A2

HESI A2 Math

1. If an investment earns 5% interest annually, how much interest will it earn in 1 year on a principal of $1,000?

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. Imaginary unit multiples are used to represent numbers that cannot be obtained on the number line. Which of the following is equivalent to 5i?

Correct answer: C

Rationale: Rationale: - The imaginary unit, denoted as "i," is defined as the square root of -1. - Therefore, 5i can be expressed as 5 times the square root of -1, which is equivalent to 5√-1. - Option A, -5, is a real number and not an imaginary unit multiple. - Option B, i^5, is equal to i because i raised to any power that is a multiple of 4 results in 1, and i^5 is equivalent to i. - Option D, 1/5i, is the reciprocal of 5i and not equivalent to 5i.

3. If a recipe calls for 2 cups of sugar and you want to make half of the recipe, how many cups of sugar do you need?

Correct answer: A

Rationale: To make half of the recipe that calls for 2 cups of sugar, you would need 1 cup of sugar. Choice A is correct because half of 2 cups is 1 cup. Choice B (1.5 cups) is incorrect as it is three-quarters of the original amount, not half. Choice C (2 cups) is the amount required for the full recipe, not for half. Choice D (0.5 cups) is half of 1 cup, not half of 2 cups.

4. What is 0.9 divided by 3?

Correct answer: C

Rationale: To find the result of dividing 0.9 by 3, we perform the division operation, which equals 0.3. Therefore, the correct answer is 0.3. Choice A (0) is incorrect as the result is not zero, but 0.3. Choice B (3) is incorrect as 0.9 divided by 3 is not 3 but 0.3. Choice D (9) is incorrect as 0.9 divided by 3 is not 9 but 0.3.

5. An artist sells paintings at $5.50 each. She has 7 stands and pays $35 per stand. What is her profit if she sells an average of 11 paintings per stand?

Correct answer: B

Rationale: To calculate the profit, first determine the total revenue: 7 stands * 11 paintings per stand * $5.50 per painting = $423.50. Then, subtract the total stand expenses ($35 per stand * 7 stands = $245) from the total revenue to get the profit: $423.50 - $245 = $178.50. Therefore, the correct answer is $178.50. Option A is incorrect because it does not account for the stand expenses. Option C is incorrect as it does not consider the total revenue. Option D is incorrect as it overestimates the profit by not deducting the stand expenses.

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