Simple Interest
6. Borrow $40,000 at 9% on a 270 day loan. Calculate the simple interest.
7. Borrow $20,000 at 8% on a 90 day loan. Calculate the simple interest.
8. Borrow $10,000 at 6% on a 40 month loan. Calculate the simple interest.
9. Borrow $5,000 at 10% on a 28 month loan. Calculate the simple interest.
10. Borrow $3,000 at 7% on a 3 3/8 year loan. Calculate the simple interest.
11. Borrow $18,000 at 3% on a 2 5/8 year loan. Calculate the simple interest.
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