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. Find x if 40:5 = 60:x.

• A. 12
• B. 7
• C. 1
• D. 8

Correct answer: B

Rationale: To find x in the proportion 40:5 = 60:x, set up the equation: 40/5 = 60/x. Cross-multiply to solve for x: 40x = 60 * 5 => 40x = 300. Divide by 40 to isolate x: x = 300 / 40 = 7.5. However, x should be a whole number since it represents a quantity, so x = 7. Therefore, the correct answer is 7 (B). Choices A, C, and D are incorrect as they do not satisfy the proportion equation.

3. Tamison bought 20 stamps for 29¢ each and 40 stamps for 42¢ each. If she gave the postal worker $25, how much change did she receive?

• A. $2.40
• B. $2.80
• C. $3.20
• D. $3.60

Correct answer: A

Rationale: First, calculate the total cost of the 20 stamps bought at 29¢ each: 20 stamps * 29¢ = $5.80. Next, calculate the total cost of the 40 stamps bought at 42¢ each: 40 stamps * 42¢ = $16.80. The total cost of all stamps is $5.80 + $16.80 = $22.60. If Tamison gave $25 to the postal worker, her change is $25 - $22.60 = $2.40. Therefore, the correct answer is A. Option B, C, and D are incorrect as they do not reflect the correct change Tamison received after buying the stamps.

4. How many ounces are in 3 quarts?

• A. 64 ounces
• B. 32 ounces
• C. 48 ounces
• D. 96 ounces

Correct answer: D

Rationale: There are 32 ounces in a quart. Therefore, 3 quarts would be equal to 3 quarts x 32 ounces = 96 ounces. The correct answer is D. Choice A, 64 ounces, is incorrect as it miscalculates the conversion from quarts to ounces. Choice B, 32 ounces, is the conversion for 1 quart, not 3 quarts. Choice C, 48 ounces, is also an incorrect calculation, not considering the correct conversion rate.

5. Express 0.608 as a percent.

• A. 60.8%
• B. 68%
• C. 0%
• D. 6%

Correct answer: A

Rationale: To convert a decimal to a percentage, you move the decimal point two places to the right and add a percentage sign. Therefore, 0.608 as a percent is 60.8%. The correct answer is A. Choice B (68%) is incorrect because it represents the percentage for a different decimal value. Choice C (0%) is incorrect as it represents 0 as a percentage, not 0.608. Choice D (6%) is incorrect as it also represents a different decimal value, not 0.608.

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