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Calculate interest notes

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Question 1: Using 360 days as the denominator, calculate interest for the following notes using the formula I = P × R × T. Round your answers to the nearest cent.

Principal             Rate                    Time Interest

$5,000                6.00%                 30 days

1,000                   7.50                   60 days

$4,500                 8.00                   120 days

$ 950                   6.80                       95

$ 1,250                 7.25                       102

2,900                    7.00                           90

Reference no: EM132490852

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