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In order to start a smallbusiness, a student takes out a simple interest loan for $5000.00 for 6 months at a rate of 9.00%. a.

In order to start a smallbusiness, a student takes out a simple interest loan for $5000.00 for 6 months at a rate of 9.00%.

a. How much interest must the studentpay?

b. Find the future value of the loan.

a. The amount of interest is $

(Round to the nearest cent asneeded.)

b. The future value is $

(Round to the nearest cent asneeded.)

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