Question 1 1 pts Recall the following formula that we derived for use in simple interest loans. _ M P_1+RT How many months would it take for the debt to double on a simple interest loan whose annual rate is 6.78%? In other words, nd the doubling time. Hint: divide both sides of the equation by M and think about the ratio P/M when M is twice as big as P. Round your answer to the nearest month. 177.0000 _ Recall the following formula that we derived for use in simple discount loans P ldT What annual simple discount rate is required for the debt to triple in 105 weeks? Hint: divide both sides of the equation by P and think about the ratio M/P when M is three times as big as P. Round your answer to the nearest tenth of a percent. 16.5000 _ Suppose Fred borrowed $5287 for 10 months and Joanna borrowed $4881. Fred's loan used the simple discount model with an annual rate of 4.7% while Joanne's loan used the simple interest model with an annual rate of 9.9%. If their maturity values were the same, how many months was Joanne's loan for? Round your answer to the nearest month. Question 4 1 pts Suppose Katy borrowed some amount of money for 35 weeks and Anastasia borrowed the same amount. Katy's loan used the simple interest model with an annual rate of 9.9% while Anastasia's loan used the simple discount model with an annual discount of 2.7%. At the end of their respective terms, Katy's maturity value was $5235 while Anastasia's was $6014. How many weeks was Anastasia's loan for? Round your answer to the nearest week. D Question 5 1 pts Find the annual simple interest rate equivalent to an annual simple discount rate of 2.4% over a term of 5 years. Round your answer to the nearest tenth of a percent. _ Find the annual simple interest rate equivalent to an annual simple discount rate of 3.8% over a term of 578 days. Round your answer to the nearest tenth of a percent. Question 7 1 pts Find the annual simple discount rate equivalent to an annual simple interest rate of 5.9% over a term of 5 years. Round your answer to the nearest tenth of a percent. Question 8 1 pts Find the annual simple discount rate equivalent to an annual simple interest rate of 4% over a term of 58 weeks. Round your answer to the nearest tenth of a percent