If a lender makes a simple loan of $400 for 3 years and charges 5%, then the amount that the lender receive at maturity is $If a lender makes a simple loan of $2000 for one year and charges $110 interest, then the simple interest rate on that loan is(Round your response to the nearest two decimal place)If a borrower must repay $106.50 one year from today in order to receive a simple loan of $100 today, the simple interest on this loan iss %. (Round your response to the nearest whole number)O A. 6.0%O B. 65%O C. 6.5%O D. 5.0%wwwwwwwNext

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If a lender makes a simple loan of $400 for 3 years and charges 5%, then the amount that the lender receive at maturity is $. (Round your response to the nearest two decimal place) If a lender makes a simple loan of $2000 for one year and charges $110 interest, then the simple interest rate on that loan is %. (Round your response to the nearest whole number) If a borrower must repay $106.50 one year from today in order to receive a simple loan of $100 today, the simple interest on this loan is O A. 6.0% O B. 65% O C. 6.5% O D. 5.0%

If a lender makes a simple loan of $400 for 3 years and charges 5%, then the amount that the lender receive at maturity is $. (Round your response to the nearest two decimal place) If a lender makes a simple loan of $2000 for one year and charges $110 interest, then the simple interest rate on that loan is %. (Round your response to the nearest whole number) If a borrower must repay $106.50 one year from today in order to receive a simple loan of $100 today, the simple interest on this loan is O A. 6.0% O B. 65% O C. 6.5% O D. 5.0%

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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