If a lender makes a simple loan of $700 for 2 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 $30 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
? ?. 65%
? ?. 6.5%
? C. 6.0%
? D. 5.0%