In order to start a small business, a student takes out a simple interest loan for $2000.00 for 6 months at a rate of 6.50%. a. How much interest must the student pay? b. Find the future value of the loan. a. The amount of interest is $ . (Round to the nearest cent as needed.) To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $960. One month later, you get the guitar back by paying the pawnbroker $1470. What annual interest rate did you pay? You will pay a simple interest rate of D% (Round to the nearest whole number as needed.)