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If a lender makes a simple loan of $ 4 0 0 for 3 years and charges 8 % , then the amount that the

If a lender makes a simple loan of $400 for 3 years and charges 8%, then the amount that the lender receive at maturity is $ (Round your response to the nearest two decimal place) If a lender makes a simple loan of $2500 for one year and charges $130 interest, then the simple interest rate on that loan is %.(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.5.0%
C.6.5%
D.65%
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