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. por-t 100 IM A simple interest, 3-month loan of $2,000 has a maturity value of $2,070. Determine the following values. 1=570 P = $ 2000 t = 3/12 years Find the annual simple interest rate on this loan. x Give the annual simple interest rate on this loan as a percent. 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. I= A simple interest, 8-month loan of $9,000 has an annual interest rate of 2.6%. Determine the following values. P= $9000 r026 t = 2/3 years Find the amount of interest paid on this loan. 1-5 Calculate the maturity value of this loan. 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. I= A simple interest, 8-month loan of $9,000 has an annual interest rate of 2.6%. Determine the following values. P= $9000 r026 t = 2/3 years Find the amount of interest paid on this loan. 1-5 Calculate the maturity value of this loan.