If a lender makes a simple loan of $400 for 3 years and charges 3 %, then the amount that the lender receive at maturity is $____ enter your response here . (Round your response to the nearest two decimal place)

Part 2 If a lender makes a simple loan of $3000 for one year and charges $130 interest, then the simple interest rate on that loan is enter your response here _____%. (Round your response to the nearest whole number)

Part 3 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. 5.0%

B. 6.5%

C. 6.0%

D. 65%