1. A simple interest loan for ($ 6,500) is taken out at (12.6 %) annual percentage rate....
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1. A simple interest loan for \(\$ 6,500\) is taken out at \(12.6 \%\) annual percentage rate. A partial payment is made 45 days into the loan period. How much of the partial payment will be for interest?
2. A simple interest loan for \(\$ 13,700\) is taken out at \(6.55 \%\) annual interest rate. A partial payment is to be made after 60 days. How much of the partial payment will be for interest?
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