Simple Interest formulas: I=PRT AND M= P+I Simple discount formulas: D=MdT and M= P+D Equivalent Rates formulas: d=R/1+RT and R= d/1-dT 1. Tom...

interest rate of 7.1%, how much did Tom borrow? 

Round your answer to the nearest dollar (whole number). 

2.  Sandra borrows a certain amount of money from Louise. After 56 months, Sandra repays Louise a total of $6071. The loan had an annual simple interest rate of 10.5%. 

Of the total amount that Sandra repaid to Louise, what percent was interest? 

Round your answer to the nearest tenth of a percent (tenth place). 

3.  Simon borrows $942 dollars from Debra for 141 days. The annual simple interest rate on this loan is 1.6%. 

Sara borrows $923 dollars from Jack for 144 days.

If the maturity value on both loans is the same, what annual simple interest rate is Jack charging Sara? 

Round your answer to the nearest tenth of a percent (tenth place). 

4.  Frank borrows $1058 from Samantha for 25 months. If Samantha wants Frank to repay a total of 6% more than what he borrowed, what annual simple interest rate should she charge him? 

Round your answer to the nearest tenth of a percent (tenth place). 

5.  Candice borrows $4251 from Regina for 159 weeks. If the loan had an annual simple discount rate of 4.7%, how much did Candice repay (in total)? 

Round your answer to the nearest dollar (whole number). 

6.  Matt borrows $8137 from Brian for 49 months. The loan had an annual simple discount rate of 9.4%. 

Of the total amount that Matt repaid to Brian, what percent were the proceeds? 

Round your answer to the nearest tenth of a percent (tenth place). 

7.  Will borrows a certain amount of money from Sean. After 162 days, Will repays a total of $1579. The annual simple discount rate on this loan is 12%.

Alena borrows a certain amount of money from Rosanne. After for 144 days, Alena repays a total of $1700.

If the proceeds on both loans are the same, what annual simple discount rate is Rosanne charging Alena? 

Round your answer to the nearest tenth of a percent (tenth place). 

8. Roger borrows $1822 from Francine for 37 months. If Francine wants Roger to repay 55% more than what he borrowed, what annual simple discount rate should she charge him? 

Round your answer to the nearest tenth of a percent (tenth place). 

9.  For what term (in months) is an annual simple interest rate of 12.7% is equivalent an annual simple discount rate of 8%?

Round your answer to the nearest month (whole number). 

10.  An annual simple discount rate of 3.3% is equivalent to what annual simple interest rate during a term of 205 weeks? 

Round your answer to the nearest tenth of a percent (tenth place).