1.	Jerry borrowed $3,900 to purchase a used car. He will be paying $137.80 for the next 30 months. Find the simple interest rate on the loan.
		A.	6%	B.	3.6%
		C.	2.4%	D.	5%
		Hint
	2.	Find the total amount in the account to the nearest cent if $900 is deposited in an account with an annual interest rate of 6.25% for 7 months.
		A.	$393.75	B.	$1,293.75
		C.	$32.81	D.	$932.81
		Hint
	3.	James has a bank account with $500.00 that collects 2.875% interest annually. How much will be in James' account after 24 months if no transactions are made?
		A.	$528.75	B.	$3,375.00
		C.	$28.75	D.	$471.25
		Hint
	4.	Nick borrowed $5,500.00 to purchase a used car. The bank charges 10.25% interest on Nick's loan for a period of 5 years. Find the amount of interest Nick will pay on his loan.
		A.	$8,318.75	B.	$2,818.75
		C.	$5,781.88	D.	$281.88
		Hint
	5.	Find the total amount in an account to the nearest cent if $750 is deposited at 8.2% for 1 years.
		A.	$842.25	B.	$840.00
		C.	$92.25	D.	$811.50
		Hint