1- You took a bank loan of 2,000 S, at a simple interest rate of 0.25% per year. a) What is the interest amount owed annually? b) What is the interest amount owed over a 2 year period? c) What is the total amount owed after 7 years? (Use Factor Formula) 2- Now, you invested the 2,000 S, at a compound interest rate of 1% annually. What is the total amount paid after 15 years? (Use Table Value)