T he r eader ’

 
 
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TEST B
 
 
Read the following letter asking someone to reply to an ad for a loan. Then answer the questions 
that follow. 
First Bank 
City, State Zip Code USA 
Joe A. Jones 
100 New Place, South 
Town, State Zip Code USA 
Dear Joe, 
We would like to offer you an opportunity to save money on your credit cards. By consolidating 
all of your debts into one monthly payment, you will not only save money, but you will simplify 
your accounts. 
You have been pre-approved for a First Bank loan. There are no charges to apply for the loan and 
there is only a fixed rate of 10.99%. 
Take advantage of this low, fixed 10.99% and start saving today. All you need to do is fill out the 
enclosed acceptance card, select the loan amount, and choose the number of loan payments. 
We’ll send you a check right away to use any way you wish. When your loan balance is paid, 
your loan is closed. 
Hurry to take advantage of this exciting offer.
Sincerely, 
J.H. Smith 
President, First Bank
If you have any questions, please call 1-800-123-4567. 

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116 Chapter 23, Reading Personal Mail 
1. Which one of the following is not a way the bank made the letter more personal? 
A. It was signed by the president. 
B. It listed percentage rates. 
C. It was addressed directly to a person.
2. To pay back a loan of $5,000 for 24 months, how much would you pay in interest? 
A. $500 
B. $592 
C. $650 
3. Will you pay back more interest for a 24-month loan or a 48-month loan on $5,000? 
A. 24-month 
B. 48-month 
4. The small print under the loan amounts implies that 
A. your payments will always be the same. 
B. your payments will increase by ten percent 
C. your payments may change from the amount listed. 
5. By taking advantage of this loan, the ad states that you will 
A. save money. 
B. owe more money. 
C. have no debts. 

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CHAPTER 24: Reading Reference Works and 
Scholarly Articles