Pat deposits $600 in a savings account at a simple interest rate 6% per year for 5 years. How much money will Pat have earned in interest at the end of 5 years?
$360
$180
$95
$36
Correct Answer : B
In the simple interest, we utilize the following formula to find the simple interest after a period of time in years.
I=P*r*t
I is the interest
P=Principal or initial deposit
r=rate
t=time in years
From the given problem, P=$600, r=6%=6/100=0.06, t=5 years. Then
I=$600*0.06*5=$180
After 5 years, Pat will earn an interest of $180.
TEAS 7 Exam Quiz Bank
HESI A2 Exam Quiz Bank
Find More Questions 📚
Teas 7 Questions: We got the latest updated TEAS 7 questions
100% Money Refund: 100% money back guarantee if you take our full
assessment pass with 80% and fail the actual exam.
Live Tutoring: Fully customized live tutoring lessons.
Guaranteed A Grade: All students who use our services pass with 90%
guarantee.
Related Questions
Correct Answer is B
Explanation
Here we are required to find the area of the square of sides 3.1 m. The square is a four-sided figure with each side equal and opposite sides making 90 degrees.

Area of the square =side*side
Side=3.1 m
Area of the square =3.1 m *3.1 m=9.61 m2
Note: 3.1 + 3.1 = 6.2 which is a wrong answer.
Correct Answer is A
Explanation
Here we collect like terms together and solve for the unknown value of x.
7x-6=3x-26
Add 6 to both sides of the equation
7x-6+6=3x-26+6
7x=3x-20
Subtract 3x from both sides of the equation
7x-3x=-20
4x=-20
Divide both sides by 4
4x/-4=-20/4
x = -5
The value of x = -5
Correct Answer is A
Explanation
to do a comparison of the given data set, we convert the fraction numbers into the approximate decimals.
4/3=1.333
2720=1.35
Now, we have 1.333, 1.35, 1.369, 1.357. These numbers are arranged from the smallest to the largest number, we look at the number in the second decimal place value
1.333 the number in second decimal place value is 3
1.35 the number in third decimal place value is 5
1.369 the number in third decimal place value is 6
1.357 the number in third decimal place value is 5
However, 1.35 and 1.357 have 5 in the second-place vale. We use the ird place value to compare the two number:
1.35 is same as 1.350 and the number in the third-place value is 0
1.357 the number in the third-place value is 7
Now, 0 is less than 7, and thus 1.35 is less than 1.357
Overall, 3 is less than 5, and 5 less than 6 and the provided numbers can be arranged from the smallest to the largest as:
1.333, 1.35, 1.357, 1.369
Thus, the corresponding given numbers organized from the smallest to the largest become:
4/3, 27/20, 1.357, 1.369
The greatest value is 1.369
Correct Answer is A
Explanation
to solve for x, we order like terms together and proceed as follows:
4x-3-5x=24
Add 3 to both sides of the equation
4x-3+3-5x=24+3
4x+3-3-5x=27
4x-5x=27
-x=27
Divide both sides by -1
-x/-1=27/-1
x= -27
Thus, the unknown value of x is -27
Correct Answer is B
Explanation
The best way to display the frequency of each day of the week when students get up after 8 a.m. is by using a bar graph. Bar graphs are well-suited for representing categorical data, where each day of the week is a separate category, and the height of each bar corresponds to the count or frequency of students waking up late on that specific day.
Note: Histograms, on the other hand, are more appropriate for visualizing continuous or numerical data and are not ideal for categorical data like days of the week.Histograms are useful for understanding the distribution of data, identifying patterns, and assessing the shape of the data distribution, such as whether it's normally distributed, skewed, or has multiple modes.
As you can see below, the Histogram is used to depict a pattern/continuous data. While a bar graph does just fine even with discrete data.


Correct Answer is D
Explanation
We can interpret ‘cannot exceed” as less than ‘<’. Therefore, in our inequality, the symbol < must be included. Now let’s convert the word problem into a mathematical inequality.
Money spent on supplies=s
Money spent on textbooks=t
Total money spent=money spent on supplies + money spent on textbooks
Total money spent = s+t
But the money spent cannot exceed $12,000. Then,
s+t <$12,000.
However the money spent can still be equal to $12000, as it has not exceeded it.
Therefore, therequired inequality is s + t <= $12,000.
Correct Answer is B
Explanation
In the simple interest, we utilize the following formula to find the simple interest after a period of time in years.
I=P*r*t
I is the interest
P=Principal or initial deposit
r=rate
t=time in years
From the given problem, P=$600, r=6%=6/100=0.06, t=5 years. Then
I=$600*0.06*5=$180
After 5 years, Pat will earn an interest of $180.
Correct Answer is A
Explanation
We are given a mix of fractions and decimals and to compare the numbers, we convert the given decimals to fractions.
4.4 becomes 44/10
4.25 becomes 425/100
Now the set of fractions for comparison are: 9/2, 10/3, 44/10, and 425/100. The least common denominator for 2, 3 and 10 is 300. Then,
9/2*300=1350
10/3*300=1000
44/10*300=1320
425/10*300=1275
From the above products, 9/2 gives the greatest value when the fractions are compared with the least common denominator of the given denominators.
Correct Answer is A
Explanation
We need to find the length of the rectangle from the given area and width of the rectangle. Let L be length if the rectangle. Then,

Area of rectangle=Length*width
Substituting area=32 in2 and w=4 inches
32=L*4
32=4L
Divide both sides by 4
32/4=4L/4
8=L
The length of the rectangle is 8 inches.
Correct Answer is B
Explanation
total muffin is equal to the sum of the different muffins sold.
Total muffins=41+27+20=88 muffins
Thus, the bakery sold about 90 muffins.
This question was extracted from the actual TEAS Exam. Ace your TEAS exam with the actual TEAS 7 questions, Start your journey with us today
Visit Naxlex, the Most Trusted TEAS TEST Platform With Guaranteed Pass of 90%.
Money back guarantee if you use our service and fail the actual exam. Option of personalised live tutor on your area of weakness.