If the add-on method is used to calculate a finance charge of $100 on a $2,100 loan, the amount to be:

Question 50 options:

repaid is $2,200.

disbursed to the borrower is $2,049.20.

repaid is $2,350.80.

disbursed to the borrower is $2,350.80.

disbursed to the borrower is $150.80.

You are borrowing $5,000 at a 9% interest rate. The total finance cost will be the highest in a:

Question 43 options:

	24-month repayment plan.
	36-month repayment plan.
	12-month repayment plan.
	48-month repayment plan.
	3-month repayment plan.