1.Simple Interest Formula: I = PRT Date worksheet; ACT (365-day year) Bella Sandino needed funds to cover her credit card bill which was due. She took out a $100 loan at a local cash center payable in 3 weeks with interest of $18. What is the rate of interest paid on this loan? Round to the nearest tenth of a percent. (Use time in days with a 365-day year.)

2. Simple Interest Formula: I = PRT

Date worksheet; ACT (365-day year)

On October 5, Tristan Sandino borrowed $3,050 to buy an English bulldog. The loan carried a rate of 4% and Tristan agreed to pay a maximum of $105 in interest. What is the maturity date of this loan? Assume a 365-day year. Express your answer as month and day. (Example: June 8)

3.Nita Darmati signed a $9,000 simple discount note at First City Bank. The discount rate was 7%, and the note was made on October 3 for 50 days. (Use a 360-day year.) Find her proceeds.

4.The Darmatis are leaving for Indonesia to visit relatives and will need $8,000. What will they need to borrow from the finance company to end up with $8,000 in proceeds? The terms of the discount loan are 5.5% for 2 years