1. 8 months after having invested $1,250.00 in a savings account, Weng had a maturity amount of $1,754.00 in the account. Had he loaned this amount to his friend who was running a dry-cleaning business, he would have received a monthly interest rate that is 2.00% per month higher than what was being offered by his savings account. Calculate the maturity amount after 8 months had he loaned the amount to his friend.

2. $4,600 is invested today in 4-month term deposit that has an interest rate of 2.7% p.a. At the end of the 4 months, the maturity value of the first term deposit is re-invested into a 2-month term deposit at an interest rate of 3.7% p.a. What is the maturity value at the end of the second term deposit?

3. Juliana invested $3,050 at a rate of 6.50% p.a. simple interest. How many days will it take for her investment to grow to $3,130?