If a lender makes a simple loan of $700 for 4 years and charges 3%, then the amount that the lender receive at maturity is $ the nearest two decimal place) (Round your response to If a lender makes a simple loan of $500 for one year and charges $50 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 OA. 5.0% B. 65% OC. 6.0% D. 6.5%