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.	$337.65	B.	$675.29
		C.	$506.47	D.	$168.82
		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.	$1,293.75	B.	$393.75
		C.	$32.81	D.	$932.81
		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.	$8,318.75	B.	$281.88
		C.	$2,818.75	D.	$5,781.88
		Hint
	4.	Find the simple interest to the nearest cent on $527.86 at 3.99% for 7.5 years.
		A.	$369.90	B.	$147.43
		C.	$157.96	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.	10%	B.	8%
		C.	12%	D.	6%
		Hint