1. Complete the following table:

Principal	Interest Rate	Time	Simple Interest	Total Amount Owed
$18,000	9%	3 yrs.	A	B

2.The length of a loan is 2 years. When you calculate the interest on the loan, which value should be substituted for T?

a. 2

b. 2/52

c. 2/12

d. 2/360

3. Complete the following table:

Principal	Interest Rate	Time	Simple Interest	Total Amount Owed
$22,000	12%	8 mos.	A	B

4. A note dated August 9 and due January 3 runs for exactly:

144 days

145 days

147 days

148 days