1.	Suppose $4,385 is placed in a savings account for 4 years. Find the simple interest if the interest rate is 3.85%.
		A.	$506.47	B.	$168.82
		C.	$337.65	D.	$675.29
		Hint
	2.	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.	$471.25	B.	$3,375.00
		C.	$28.75	D.	$528.75
		Hint
	3.	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.	$8,318.75
		C.	$2,818.75	D.	$5,781.88
		Hint
	4.	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.	9%	B.	10.5%
		C.	10%	D.	9.5%
		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.	10%	B.	6%
		C.	12%	D.	8%
		Hint