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If a lender makes a simple loan of $ 800 for 2 years and charges 3 %, then the amount that the lender receive at
If a lender makes a simple loan of $800 for 2 years and charges 3%, then the amount that the lender receive at maturity is $_____. (Round your response to the nearest two decimalplace)
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 wholenumber)
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
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