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. What is the average of the numbers 14, 73, and 7?

Correct answer: D

Rationale: The correct answer is D. Adding 14 + 73 + 7 gives a total of 94. To find the average, we divide the sum by the number of values (3), which equals 31.33. Rounding this average to two decimal places gives us 31.33, which corresponds to option D. Choices A, B, and C are incorrect as they do not correctly calculate the average of the given numbers. Choice A is close to the sum of the numbers, not the average. Choices B and C are also not correct averages calculated from the provided numbers.

3. Convert 63 grams to mg.

Correct answer: C

Rationale: To convert grams to milligrams, you need to multiply by 1000 since there are 1000 milligrams in a gram. So, to convert 63 grams to milligrams, you would calculate 63 * 1000 = 63,000 milligrams. Therefore, the correct answer is 63,000 mg. Choice A (630 mg) is incorrect as it would be the converted value if the original amount was 0.63 grams. Choice B (63 mg) is incorrect as it is the same value as the original grams. Choice D (63,000 mg) is incorrect as it is the same as the correct answer, but with a comma which is not standard when expressing numerical values.

4. A nurse is reviewing the daily intake and output (I&O) of a patient consuming a clear diet. The drainage bag denotes a total of 1,000 mL for the past 24 hours. The total intake is: 2 8oz cups of coffee, 1 16-oz serving of clear soup, and 1 pint of water consumed throughout the day. How much is the deficit in milliliters?

Correct answer: A

Rationale: First, convert all fluid intake to milliliters: 2 8-oz cups of coffee = 8 × 2 × 30 = 480 mL 1 16-oz serving of clear soup = 16 × 30 = 480 mL 1 pint of water = 16 × 30 = 480 mL Total intake = 480 + 480 + 480 = 1440 mL. The patient produced 1,000 mL, so the deficit is: 1440 mL - 1000 mL = 440 mL. Therefore, the deficit in milliliters is 440 mL. Choice A is correct. Choices B, C, and D are incorrect as they do not reflect the accurate deficit calculated based on the total intake and output provided in the question.

5. What is 28% of 100?

Correct answer: A

Rationale: The correct answer is A: 28. To find 28% of 100, you multiply 0.28 (the decimal equivalent of 28%) by 100. This calculation results in 28. Therefore, 28% of 100 is 28. Choice B, 20, is incorrect as it represents 20% of 100. Choice C, 25, is incorrect as it represents 25% of 100. Choice D, 30, is incorrect as it represents 30% of 100.

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