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.	2.4%	B.	3.6%
		C.	5%	D.	6%
		Hint
	2.	Cynthia opened a savings account with $1,250.00.The account pays 4.5% interest annually. If no transactions are made, how much will Cynthia have in her savings account in 3 years?
		A.	$168.75	B.	$1,418.75
		C.	$1,081.25	D.	$1,264.06
		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.	$28.75	B.	$3,375.00
		C.	$528.75	D.	$471.25
		Hint
	4.	Find the simple interest to the nearest cent on $527.86 at 3.99% for 7.5 years.
		A.	$157.96	B.	$369.90
		C.	$147.43	D.	$685.82
		Hint
	5.	Dakota borrowed $4,200 to buy furniture. He will be paying $108.50 per month for the next 48 months. Find the simple interest rate for his loan.
		A.	6%	B.	10%
		C.	12%	D.	8%
		Hint