Give the formula for simple interest where I is the interest in dollars, P is the principal in dollars, r is the interest rate as a decimal, and t is the time period in years. (Enter a mathematical expression.) I = A simple interest, 10-month loan of $8,000 has an annual interest rate of 2.4%. Determine the following values. (For the first answer blank, enter an exact number. For the second answer blank, enter a number. For the third answer blank, enter an exact number as an integer, fraction, or decimal.) P = $ r = t = years Find the amount of interest paid (in dollars) on this loan. (Enter an exact number.) I = $ Calculate the maturity value (in dollars) of this loan. (Enter an exact number.) $