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. How many inches are in 1.5 yards?

• A. 54 inches
• B. 60 inches
• C. 72 inches
• D. 84 inches

Correct answer: A

Rationale: To convert yards to inches, multiply the number of yards by 36 (since there are 36 inches in a yard). 1.5 yards × 36 inches/yard = 54 inches. Therefore, the correct answer is 54 inches. Choice B, 60 inches, is incorrect as it incorrectly assumes that there are 40 inches in a yard. Choice C, 72 inches, is incorrect as it multiplies 1.5 by 48, which is not the correct conversion factor. Choice D, 84 inches, is incorrect as it multiplies 1.5 by 56, which is not the correct conversion factor.

3. How many meters are in 5 kilometers?

• A. 1000
• B. 5000
• C. 10000
• D. 500

Correct answer: B

Rationale: To convert kilometers to meters, you need to multiply the number of kilometers by 1000 since there are 1000 meters in 1 kilometer. Therefore, 5 kilometers is equal to 5 × 1000 = 5000 meters. Choice A (1000) is incorrect because it represents the number of meters in 1 kilometer, not 5 kilometers. Choice C (10000) is incorrect as it is the result of multiplying 10 (not 5) by 1000. Choice D (500) is incorrect as it represents half the correct conversion value.

4. At the bake sale, Josie bought 3 brownies for $35 each. She paid with a $5 bill. What change did she receive?

• A. $0.85
• B. $0.95
• C. $1.05
• D. $1.15

Correct answer: B

Rationale: Josie bought 3 brownies for $35 each, totaling $3 x $35 = $105. She paid with a $5 bill, so the change she received would be $105 - $5 = $100. Therefore, Josie received $100 in change, which is equivalent to $0.95. Choice A, $0.85, is incorrect because the change is $100, not $0.85. Choice C, $1.05, is incorrect as it is not the correct change for the transaction. Choice D, $1.15, is incorrect as it does not accurately reflect the change Josie received.

5. How many pounds are in 144 ounces?

• A. 12 pounds
• B. 10 pounds
• C. 8 pounds
• D. 9 pounds

Correct answer: D

Rationale: To convert ounces to pounds, you need to know that there are 16 ounces in a pound. Therefore, to find out how many pounds are in 144 ounces, you divide 144 by 16, which equals 9 pounds. Choice A, 12 pounds, is incorrect because it does not correctly divide the number of ounces by the conversion factor. Choices B and C, 10 pounds and 8 pounds respectively, are also incorrect as they do not utilize the correct conversion factor to calculate the number of pounds in 144 ounces.

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