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. Convert the percentage to a decimal: 38% =

• A. 0.38
• B. 3.8
• C. 0.038
• D. 38.0

Correct answer: A

Rationale: To convert a percentage to a decimal, you divide by 100. In this case, 38% divided by 100 equals 0.38. Moving the decimal point two places to the left converts the percentage to a decimal. Choice B is incorrect because it incorrectly moves the decimal point one place to the left. Choice C is incorrect as it moves the decimal point three places to the left. Choice D is incorrect as it does not convert the percentage to a decimal.

3. A team from the highway department can replace 14 streetlights in 7 hours of work. If they work a 30-hour week at this job, in how many weeks will they replace all 120 downtown streetlights?

• A. 1½ weeks
• B. 2 weeks
• C. 2½ weeks
• D. 3 weeks

Correct answer: B

Rationale: If the team can replace 14 streetlights in 7 hours, it means they replace 2 streetlights per hour. In a 30-hour week, they can therefore replace 2 x 30 = 60 streetlights. To replace all 120 downtown streetlights, they will need 120 / 2 = 60 hours, which is equivalent to 60 / 30 = 2 weeks. Therefore, the correct answer is 2 weeks. Choice A, 1½ weeks, is incorrect because it doesn't consider the total number of streetlights that need to be replaced. Choice C, 2½ weeks, is incorrect as it overestimates the time needed. Choice D, 3 weeks, is incorrect as it underestimates the efficiency of the team in replacing streetlights.

4. Multiply: 54 × 45. Express the result in decimal form.

• A. 0.0243
• B. 0.243
• C. 2.43
• D. 24.3

Correct answer: D

Rationale: To multiply 54 by 45, you should multiply the two numbers together: 54 x 45 = 2430. The decimal point is placed after counting the total decimal places in the numbers being multiplied. As there are no decimal places in the numbers 54 and 45, the result is 2430, which is correctly expressed as 24.3 when considering the decimal point placement. Choice A (0.0243) and Choice B (0.243) are incorrect as they represent fractions of 2430. Choice C (2.43) is incorrect as it incorrectly places the decimal point one place before the actual result.

5. Rectangle: A picture frame measures 15cm by 20cm. What is its perimeter?

• A. 30cm
• B. 55cm
• C. 65cm
• D. 75cm

Correct answer: C

Rationale: To find the perimeter of a rectangle, you add the lengths of all sides. The formula for the perimeter of a rectangle is 2 * (length + width). In this case, the length is 15cm and the width is 20cm. Therefore, the perimeter = 2 * (15cm + 20cm) = 65cm. Choice A (30cm), Choice B (55cm), and Choice D (75cm) are incorrect as they do not correctly calculate the perimeter of the given rectangle.

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