Question 1. How much interest will be earned on a short-term loan of $12,000 at 6.25% p.a. from March 10th, 2016 to January 1st, 2017?

Question2.Miss Bunz borrowed $2000 from a friend with the promise that she would pay her back in 3 months at 5.5% p.a. How much should Miss Bunzpay her friend in 3 months?

Question 3. An investment of $15,000 earning 2.5% compounded monthly matured to what value after 3 years?