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Calculating Interest Using 360 days as the denominator, calculate interest for the following notes using the formula I = P R T. If required, round

Calculating Interest

Using 360 days as the denominator, calculate interest for the following notes using the formula I = P R T. If required, round your answers to the nearest cent.

Principal Rate Time Interest
$5,300 6.00% 30 days $
1,000 7.50 60 $
4,000 8.00 120 $
950 6.80 95 $
1,250 7.25 102 $
2,200 7.00 90 $

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