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. A plan for a shed is drawn on a 1:10 scale. If the roof of the real shed measures 4 feet by 5 feet, what were the measurements on the plan?

Correct answer: B

Rationale: When the real shed roof measures 4 feet by 5 feet, on a 1:10 scale plan, the measurements on the plan would be 1/10 of the real measurements. Therefore, the correct answer is 40 inches by 50 inches since it represents 1/10 of 4 feet by 5 feet. Choice A (80 inches by 100 inches) is incorrect because it is equivalent to the real shed measurements, not the scaled plan. Choice C (4.8 inches by 6 inches) is incorrect as it does not reflect the 1:10 scale reduction. Choice D (4 inches by 5 inches) is incorrect because it does not consider the scale factor of 1:10.

3. A runner leaves at 7:45 for a morning run at an average speed of 6 mph and returns at 10:00. How many miles did he run?

Correct answer: D

Rationale: The runner left at 7:45 and returned at 10:00, which means he ran for 2 hours and 15 minutes (10:00 - 7:45). At an average speed of 6 mph, in 2.25 hours, he would have covered 6 mph * 2.25 hours = 13.5 miles. Therefore, the correct answer is 13.5 miles. Choices A, B, and C are incorrect because they incorrectly calculate the distance based on the time and speed provided in the question.

4. What is 25% of 200?

Correct answer: A

Rationale: To find 25% of a number, you multiply the number by 0.25. So, to calculate 25% of 200, you do 0.25 × 200 = 50. Therefore, the correct answer is A. Choice B (60) is incorrect as it is the result of calculating 30% of 200. Choice C (25) is incorrect as it represents 12.5% of 200. Choice D (30) is incorrect as it is the result of calculating 15% of 200.

5. Subtract 28 3/4 - 5 5/6.

Correct answer: A

Rationale: To subtract mixed numbers, find a common denominator. Convert 28 3/4 to 28 9/12. Then, subtract 5 5/6 from 28 9/12 to get 22 11/12. Therefore, 28 3/4 - 5 5/6 = 22 & 11/12, which matches choice A. Choices B, C, and D are incorrect because they do not reflect the correct subtraction result after finding the common denominator and performing the subtraction.

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