If a lender makes a simple loan of

$2500

for one year and charges

$110

interest, then the simple interest rate on that loan is

nothing%.

(Round your response to the nearest whole number)

If a borrower must repay $106.50 one year from today in order to receive a simple loan of $100 today, the simple interest on this loan is

A.

6.0%

B.

6.5%

C.

5.0%

D.

65%