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. Gerald can bake 3 dozen cookies in 30 minutes. How long will it take him to bake 12 dozen cookies?

• A. 90 minutes
• B. 1 hour 40 minutes
• C. 2 hours
• D. 4 hours

Correct answer: B

Rationale: If Gerald can bake 3 dozen cookies in 30 minutes, then he can bake 1 dozen cookies in 10 minutes (30 minutes / 3 = 10 minutes). To bake 12 dozen cookies, it would take him 120 minutes (12 dozen x 10 minutes = 120 minutes), which is equivalent to 1 hour and 40 minutes. Choice A (90 minutes) is incorrect because it does not account for the correct proportion of cookies baked. Choice C (2 hours) and Choice D (4 hours) are incorrect as they overestimate the time required based on the given information.

3. Convert 7 grams to milligrams.

• A. 700 mg
• B. 7,000 mg
• C. 70 mg
• D. 0.007 mg

Correct answer: B

Rationale: To convert grams to milligrams, you need to multiply by 1,000 since there are 1,000 milligrams in a gram. Therefore, 7 grams x 1,000 = 7,000 mg. Choice A (700 mg) is incorrect as it represents 700 grams, not milligrams. Choice C (70 mg) is incorrect as it implies that 7 grams is equivalent to 70 milligrams, which is inaccurate. Choice D (0.007 mg) is also incorrect since it represents a fraction of a milligram, significantly less than the original 7 grams.

4. What is 60% of 150?

• A. 80
• B. 90
• C. 120
• D. 80

Correct answer: B

Rationale: To find 60% of 150, you multiply 0.6 by 150, which equals 90. Therefore, the correct answer is 90. Choice A (80) is incorrect because it does not represent 60% of 150. Choice C (120) is incorrect as it exceeds 100% of 150. Choice D (80) is a duplicate of choice A and does not accurately represent 60% of 150.

5. Divide: 5 ÷ 9 =

• A. 0.05
• B. 0.5
• C. 5
• D. 50

Correct answer: B

Rationale: When dividing 5 by 9, you are finding how many times 9 can fit into 5. Since 9 is greater than 5, the result will be less than 1. Therefore, 5 ÷ 9 equals 0.555... which is approximately 0.5. Choice A (0.05) is incorrect because it implies a smaller value than the correct answer. Choice C (5) is incorrect as it is not the result of dividing 5 by 9. Choice D (50) is incorrect as it is a much larger value than the correct answer.

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