A student takes out a small loan of $400 for books and supplies at an annual interest rate (APR) of 6.0%. Assuming simple interest is used, how much will it cost to pay off the loan after 3 years? (Do not include the $ symbol in your answer.)A student deposits $400 into a savings account with an annual interest rate (APR) of 6.0%. Assuming interest is compounded quarterly, how much will be in the account after 3 years? Round to the nearest cent. (Do not include the $ symbol in your