1. Suppose we have a 3-year $150,000 simple interest loan at 1% annual interest (2 points).

1. The interest for each of the 3 years is ______ for a total of ______.
2. If the interest rate is 2% a year, the interest over the life of the loan would be ___________,
3. If the rate is still 1% a year but the term of the loan is 6 years instead of 3 years, the total interest over the life of the loan will:

1. Double
2. Triple

4. If the interest rate is 3% loan and the term of the loan is 9-years instead of 3, the interest over the life of the loan would be __________