Modvle 4-Activity I ) Using Simple Interest, if 2,0oo were lent for .3 years at an interest rate of 2%, what total is to be poid back? 2) A d c octorf office issoes b, once per month ad Ovtstondl,ng balances arech sed 2% interes If all balances must be paid 3 months, hou noch woold Someone Owe on a *Sooo rade doriaa the 3 Aonthj Drow a Cash-flow diaaraA, for the follouing. table Year I O 2