QUESTION 2
A $5000 investment earns $550 annual simple interest in one year. What is the annual interest rate?
11.5%
11%
12%
10.5%
QUESTION 5
Marie mixes 16 liters of 18% acid solution with a 27% acid solution to make a 21% acid solution.
How many liters of 27% solution did she use?
8 liters
12 liters
13.7 liters
16 liters