How much money would have to be deposited one year ago to have $1,100 now at 6% interest? Mr. Ahmed, a biomedical engineer, intends to borrow $50,000 from a bank for a year at 11% interest to purchase home furnishings. After one year, the total amount owed will be: $61,000$55,500$50,100$11,000.a.b.c.d / 1.00 1 Which of the following 1-year investments has the highest rate of return? $56,000 that yields $6160 in interest, or $12,500 that yields $1125 in interest, .b $95,000 that yields $7600 in interest . / 1.00 2 An employee borrows $100,000 on July 2 nd and must repay $106,000 exactly one year later. The interest rate will be: 10% .a 9% .b 6%