1 .		Find the interest on a loan of $3,400 for one year at a simple interest rate of 12% per year.    $400   $340   $428   $408
2 .		Find the interest paid on a loan of $600 at 7 1/2% annual simple interest for two years.    $180   $90   $45   $4,500
3 .		Find the maturity value (total payback) of a loan of $3,800 after three years. The loan carries a simple interest rate of 8.5% per year.    $969   $4,123   $4,769   $4,104
4 .		Mr. Timms borrowed $35,000 to buy stock for his shoe shop. He repaid the simple interest loan after four years. He paid interest of $6,750. What was the interest rate?    19.29%   4.82%   16.8%   20.74%
5 .		Express 29 months in terms of years to the nearest tenth of a year.    2.42   2.5   2.4   24.2