Get all 1000+ ASVAB exam-like questions with our mobile apps!
More ASVAB Topics
Arithmetic Reasoning
0
%
Level 1
Level 2
Level 3
0
%
Mini Test
Level 4
Level 5
Level 6
Level 7
Final Test
Assembling Objects
Auto and Shop Information
Electronics Information
General Science
Mathematics Knowledge
Mechanical Comprehension
Paragraph Comprehension
Word Knowledge
ASVAB Full-length Test
Interest earned on an account totals $100. If the interest rate is 7(1/4)%, what is the principal amount?
$1,379
$725
$1,333
$1,428
Detailed Explanation
Interest = principal × rate. Let p represent the principal. Then 100 = p *7(1/4)%, so p =100/(7 + (1/4)% = 100/0.0725 = 1.379.
Next Question
Take more free practice tests for other ASVAB topics with our
ASVAB practice test
now!