In order to purchase an additional $6000 ride-on mower for his business, the owner contacts his family and they decide to lend him the required funds as long as he repays according to the plan of four equal repayments based on a simple interest rate of 4.5%, over a 2 year period. (i) What is the total interest paid on the loan? (1 ma (ii) What is the value of each of the repayments? (2 mal (2 ma Mark is saving for his overseas holiday (after COVID-19). He shifts $3570 from his pay account that eams no interest, to an account that earns 3.75% p.a. compounded monthly. What amount will he have in the account after 3 years