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Question 1 ( 1 point ) To pay the remainder of his student loan, Tran borrows $ 3 5 0 0 from his parents at

Question 1(1 point)
To pay the remainder of his student loan, Tran borrows $3500 from his parents at an interest rate of 3.5% per year, compounded semi-annually. His parents would like the loan to be paid in full in 3 years. How much interest will Tran pay to his parents?
Question 1 options:
a)
$350.00
b)
$383.96
c)
$410.00
d)
$400.00

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