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. You have orders to administer 20 mg of a certain medication to a patient. The medication is stored at a concentration of 4 mg per 5-mL dose. How many milliliters will need to be administered?

Correct answer: B

Rationale: To administer 20 mg of the medication, you would need 25 mL. This calculation is derived from the concentration of 4 mg per 5 mL. By setting up a proportion, you can determine that for 20 mg, 25 mL must be administered as follows: (20 mg / 4 mg) = (x mL / 5 mL). Solving for x results in x = 25 mL. Choice A is incorrect because it miscalculates the proportion. Choices C and D are incorrect as they do not account for the correct concentration of the medication.

3. What is 50% of 120?

Correct answer: D

Rationale: The correct answer is D, 60. To find 50% of 120, you multiply 0.5 by 120: 0.5 x 120 = 60. Choice A and B are incorrect as they are duplicates. Choice C, 70, is incorrect because it is not the result of calculating 50% of 120.

4. How many meters are in 3000 millimeters?

Correct answer: A

Rationale: 1 meter is equal to 1000 millimeters. Therefore, to convert 3000 millimeters to meters, we divide by 1000. 3000 millimeters / 1000 = 3 meters. Choice A, '3 meters,' is the correct answer. Choice B, '30 meters,' is incorrect because it represents a miscalculation of multiplying instead of dividing. Choice C, '0.3 meters,' is incorrect as it is the result of a decimal error. Choice D, '300 meters,' is incorrect as it is a result of not converting millimeters to meters correctly.

5. If a package of 10 pencils is divided between every 2 students in a class with 20 students, how many pencils are needed?

Correct answer: D

Rationale: If 20 students are divided into pairs, there would be 10 pairs in total (20 students / 2 = 10 pairs). Since each pair receives 10 pencils, the total number of pencils needed is calculated by multiplying the number of pairs (10 pairs) by the number of pencils each pair receives (10 pencils per pair), resulting in 100 pencils required. Therefore, the correct answer is 100 pencils. Choices A, B, and C are incorrect because they do not consider the correct pairing of students or the total number of pencils needed for each pair.

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