1. Lilibeth borrowed $1,200 from her aunt to buy a book. She promised to pay her after a month. Her aunt agreed, but she asked Lilibeth to pay her back the amount of $1,350. How much interest will she pay? What is the rate of interest she will pay?

Lashonda wants to buy a new house but needs money for the down payment. Her parents agree to lend her money at an annual rate of 2%, and charged a simple interest. They lend her $6000 for 3 years. She makes no payments except the one at the end of that time. a) how much total interest will lashonda have to pay? b) what will the total repayment amount be (including interest)?

An acquaintance asks Kara to borrow money today to help her repair her car. The person will be able to repay Kara $500 in one year, and Kara is fully expects she will be repaid on time (risk free).  If Kara requires a 5.0% return, what (largest) amount should she lend to her acquaintance?$525.00$495.00$475.00$476.19$471.43

Carrie borrowed $2100 from a bank for 9 months. The bank discounted the loan at 3.5%. What is the loan's discount?$IncorrectWhat is the net amount of money Carrie receives?$What is the loan's actual rate of interest? (to the nearest hundredth of a percent)

Douglas needs to borrow $15,600 today for his tuition bill. He agrees to pay back the loan in a lump-sum payment five years from now, after he is out of college. He bank states that the payment will need to be $19, 683. If Douglas borrows the $15,600 from the bank, what interest rate is he paying on his loan?

Lynne needs to borrow $10000 for cosmetic surgery. She obtains a loan from her grandmother for 24 months at a simple interest rate of 6.9%. What is the loans future value?