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1. Your relative was in desperate need of cash and asked you to loan them $2000. To avoid losing the case on Judge Judy (in

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1. Your relative was in desperate need of cash and asked you to loan them $2000. To avoid losing the case on Judge Judy (in the event they failed to repay you) you write a contract charging your relative 5.6% simple interest per year. a. Calculate the interest your relative would pay if they took 10 years to repay you. What would be the future value of the loan if you demanded they repay the loan in 5 years? Write an equation to model the future value of the loan for an unknown amount of years to your relative. A : P + Prt How do you know that your equation from part C is a linear equation? Interpret the parameters {slope and y intercept) in the context of the situation. After receiving the $2000 back, you decide to invest all $2000 for 10 years and received 5600 in simple interest. What was the interest rate of your investment

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