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. How many ounces are in 8 & 1/4 pints?

Correct answer: C

Rationale: To convert 8 1/4 pints to ounces, first convert the mixed number to an improper fraction: 8 1/4 = 33/4. There are 16 ounces in 1 pint. Now, multiply 33/4 by 16 ounces per pint: 33/4 x 16 = 132 ounces. Therefore, the correct answer is 132 oz. Choice A (136 oz) is incorrect because it does not result from the correct conversion. Choice B (128 oz) is incorrect as it is a miscalculation. Choice D (130 oz) is incorrect as well, not derived from the accurate conversion process.

3. In a survey, 120 people were asked if they could swim. If 85% said they could, how many people could swim?

Correct answer: B

Rationale: To find the number of people who could swim, multiply the total number surveyed by the percentage who said they could swim. In this case, 85% of 120 people is calculated as 0.85 * 120, resulting in 102 people who could swim. Choice A (100) is incorrect because this does not account for the percentage that said they could swim. Choice C (110) is incorrect as it is above the total number surveyed. Choice D (90) is incorrect as it does not consider the percentage who said they could swim.

4. A rectangular bandage measures 5cm by 8cm. What is the area covered by the bandage?

Correct answer: D

Rationale: Rationale: To find the area of a rectangle, you multiply the length by the width. In this case, the length of the bandage is 8cm and the width is 5cm. Area = length x width Area = 8cm x 5cm Area = 40cm^2 Therefore, the area covered by the bandage is 40cm^2.

5. 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.

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