Simple Interest Answers

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Read the excerpt from chapter 8 of The Strange Case of Dr. Jekyll and Mr. Hyde.Poole felt in his pocket and handed out a crumpled note, which the lawyer, bending nearer to the candle, carefully examined. Its contents ran thus: "Dr. Jekyll presents his compliments to Messrs. Maw. He assures them that their last sample is impure and quite useless for his present purpose. In the year 18—, Dr. J. purchased a somewhat large quantity from Messrs. M. He now begs them to search with most sedulous care, and should any of the same quality be left, forward it to him at once. Expense is no consideration. The importance of this to Dr. J. can hardly be exaggerated.” So far the letter had run composedly enough, but here with a sudden splutter of the pen, the writer’s emotion had broken loose. "For God’s sake,” he added, "find me some of the old.”Read the excerpt from chapter 10 of The Strange Case of Dr. Jekyll and Mr. Hyde.My provision of the salt, which had never been renewed since the date of the first experiment, began to run low. I sent out for a fresh supply and mixed the draught; the ebullition followed, and the first change of colour, not the second; I drank it and it was without efficiency. You will learn from Poole how I have had London ransacked; it was in vain; and I am now persuaded that my first supply was impure, and that it was that unknown impurity which lent efficacy to the draught.

A
It explains that he was frustrated with Poole for not completing the errand and obtaining salt.
B
It explains that he could not find the specific salt needed to make his transformation.
C
It explains that Mr. Hyde became violent and destroyed property because he could not find salt.
D
It explains that Dr. Jekyll needed to sell salt to pay for his laboratory supplies.
44

Paul has decided to set up his own recording studio. He needs to purchase four speakers at $435 apiece and two mixers at $772 apiece. He also needs to soundproof a room, which will cost him $838. If Paul has $4,500 in his savings account, how close can he come to setting up his studio?

A
Paul can set up his studio and have $378 left over.
B
Paul can set up his studio and have $410 left over.
C
Paul needs an additional $1,166 to set up his studio.
D
Paul needs an additional $296 to set up his studio.
45

Consider the following incomplete deposit ticket: What was the value of the third check Tony deposited?

Question illustration
A
$617.60
B
$105.20
C
$31.28
D
$36.76
46

Which sentence uses indirect characterization?

A
Xavier is handsome and athletic.
B
Zach lifts weights at the gym every day after work..
C
Emily is a flexible and fit yoga instructor.
D
Carla’s routine reflects her disciplined personality.
48

Dr. Jekyll’s struggle with his dark side is an example of which type of conflict?

A
character vs. character
B
character vs. self
C
character vs. nature
D
character vs. society
49

Which of the following is a cost homeowners insurance does not protect?

A
The cost of repair or replacement of a home lost in a natural disaster.
B
Additional living expenses required while your home is repaired after a disaster.
C
Replacement costs for all contents in your home, including high cost electronics.
D
The cost of medical expenses incurred by somebody getting injured on your property.
50

Which of the following forms of I.D. is not an acceptable form of I.D. for opening a savings account?

A
Library card
B
Driver’s license
C
Passport
D
Military I.D. card
53

Tara and Levi are trying to decide between homeowners insurance policies offered by two different agencies. AAA Insurance has offered to insure their home for an annual premium of $0.38 per $100 with a $500 deductible. Thompson’s Insurance has offered to insure the same home for an annual premium of $0.26 per $100 with an deductible of $1,000.Insurance CompanyAnnual Premium (per $100)DeductibleAAA Insurance$0.38 $500 Thompson's Insurance$0.26 $1,000 The house Tara and Levi purchased is valued at $425,000. Which of the following statements accurately describes the difference between the two plans?

A
AAA Insurance is cheapest if Tara and Levi experience an incident that results in severe damage or loss to their home.
B
AAA Insurance would be cheapest if Tara and Levi can avoid any incidents that result in severe damage or loss to their home.
C
Thompson’s Insurance is cheaper even if Tara and Levi experience an incident that results in severe damage or loss to their home.
D
Thompson’s will be more expensive whether or not Tara and Levi experience an incident that results in severe damage or loss to their home.
54

In the formula I=P·r·t, what does P stand for?

A
Percent: the interest rate expressed as a percentage
B
Principal: the amount of money you initially invested
C
Period: how often the interest is calculated
D
Payout: how much money you end up with
60

Sally just purchased a beautiful home on a riverbank for what she thought was a very good deal. She later learned that her house was very susceptible to flood damage during the rainy season. Which of the following statements best describes the effect the location of Sally’s new home will have on her homeowners insurance premium?

A
Financial loss due to flood damage is likely. Her insurance premiums will be higher than homes not on the waterfront.
B
Since floods are likely, the value of the home decreases significantly, lowering the insurance premium at the same time.
C
Since floods happen so infrequently, they are not considered a real threat to the value of the home. Sally’s insurance premium will not be affected.
D
While extremely annoying, flood damage is usually inexpensive and will not affect the value of the home. Sally’s insurance premium should not be affected.

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