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.	2.4%
		C.	3.6%	D.	5%
		Hint
	2.	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.	$281.88	B.	$5,781.88
		C.	$2,818.75	D.	$8,318.75
		Hint
	3.	Find the total amount in an account to the nearest cent if $750 is deposited at 8.2% for 1 years.
		A.	$92.25	B.	$840.00
		C.	$842.25	D.	$811.50
		Hint
	4.	Find the simple interest to the nearest cent on $527.86 at 3.99% for 7.5 years.
		A.	$369.90	B.	$685.82
		C.	$157.96	D.	$147.43
		Hint
	5.	Amber borrowed $2,100 to buy a big screen television. She will be paying $103.25 each month for the next 24 months. Find the simple interest rate for her loan.
		A.	10%	B.	9%
		C.	9.5%	D.	10.5%
		Hint