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. In your class, there are 48 students; 32 students are female. Approximately what percentage are male?

• A. 33%
• B. 66%
• C. 25%
• D. 45%

Correct answer: A

Rationale: In a class of 48 students, with 32 being female, the number of male students is 48 - 32 = 16. To calculate the percentage of male students, divide the number of male students (16) by the total number of students (48) and then multiply by 100 to get the percentage: (16 / 48) * 100 = 33%. Therefore, approximately 33% of the students in the class are male. Choices B, C, and D are incorrect because they do not reflect the correct calculation based on the given information.

3. A store is offering a 25% discount on all items. If an item costs $120, what is the discounted price?

• A. $90
• B. $80
• C. $75
• D. $95

Correct answer: A

Rationale: To calculate the discounted price after a 25% discount on $120, you first find the discount amount by multiplying $120 by 0.25, which equals $30. Subtracting the discount amount from the original price gives the discounted price: $120 - $30 = $90. Therefore, the correct answer is $90. Choice B, $80, is incorrect as it does not consider the 25% discount. Choice C, $75, is incorrect as it is lower than the correct calculation. Choice D, $95, is incorrect as it does not reflect the reduction from the discount.

4. How many milliliters are in 1 liter?

• A. 100 mL
• B. 1,000 mL
• C. 500 mL
• D. 50 mL

Correct answer: B

Rationale: There are 1,000 milliliters in 1 liter. The prefix 'milli-' means one-thousandth, so when converting from liters to milliliters, you multiply by 1,000. Therefore, the correct answer is 1,000 mL. Choice A (100 mL) is incorrect as it represents one-tenth of the correct conversion. Choice C (500 mL) is incorrect as it is half of the correct conversion. Choice D (50 mL) is incorrect as it is one-twentieth of the correct conversion.

5. Change 0.004 to a ratio.

• A. 1:250
• B. 17:40
• C. 9:20
• D. 20:40

Correct answer: A

Rationale: To convert 0.004 to a ratio, first express it as a fraction. 0.004 = 4/1000 = 1/250. Therefore, the ratio is 1:250. Choice A is the correct answer. Choices B, C, and D are incorrect ratios as they do not represent the equivalent fraction of 0.004.

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