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

• A. -5
• B. i^5
• C. 5√-1
• D. 1/5i

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?

• A. 1 cup
• B. 1.5 cups
• C. 2 cups
• D. 0.5 cups

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?

• A. 0
• B. 3
• C. 0.3
• D. 9

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?

• A. $245
• B. $178.50
• C. $175
• D. $423.50

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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