a) Calculate the amount of interest earned on a $14,000 investment made for 2 years at 3% p.a..

b) Amy lent $6,000 at 2.00% p.a. on March 15, 2014. Calculate the amount of interest he would receive on May 24, 2014.

c) Shannon borrowed $4,500 at an interest rate of 0.70% p.m. for 6 months. Calculate the maturity value of the loan at the end of the period.

d)

How long will it take for an investment to double at simple interest rate of 2.60% p.a.?

___ years ___months

Express the answer in years and months, rounded up to the next month

e) George invested $218 for 15 months in a bank and received a maturity amount of $239.25. If he had invested the amount in a fund earning 3.60% p.a. more, how much would he have had received at maturity? Round to the nearest cent