4. Mary Watts borrowed $562 on June 24 for sixty days with a 365-day year. What is the date of repayment or the maturity date? August 24 August 22 August 25 August 23 5. Convert 7 months to a decimal part of a year. 0.714 0.583 1.714 0.0583 6. Use the simple interest formula to find the rate on an $1,800 loan for which the interest was $20 for 40 days (use a 360-day year). 10% 20% 1.0% 0.1%