Simple Interest: Borrow $40,000 at 9% on a 270 day loan. Calculate the simple interest.

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.