Question $1$ of $8$ A Moving to another question will save this response. estion $13$ points Muhammad takes out a loan of $ $1,500,$ at $8\%$ simple interest, for $4$ years. How much will he pay back in $4$ years? Question $1$ of $8$ Moving to another question will save this response. $/$r$/$n Moving to another question will save this response. estion $23$ points Calculate the amount of interest on an investment of AED $100,000$ at $8\%$ simple interest for $3$ years. Question $2$ of $8$ Moving to another question will save this response. $/$r$/$n Moving to another question will save this response. estion $3$ Suppose that you took out a loan at $10\%$ simple interest for $2$ years. If the amount of interest on the loan was $ $800,$ find the amount of the loan.Question $3$ of $8$ Moving to another question will save this response. $/$r$/$n Moving to another question will save this response. estion $55$ points You bank statement shows a current balance of AED $100,000$ as a result of a single deposit made $10$ years previously. Over this period the interest rate has been $5\%.$ How much was the original deposit? Question $5$ of $8$ A Moving to another question will save this response. $/$r$/$n Question $4$ of $8$ Moving to another question will save this response. estion $43$ points Ahmed takes out a loan of AED $5000$ for $2$ years. After $2$ years he pays back AED $5400$ to clear his debt. What is the rate of simple interest charged? Question $4$ of $8$ Moving to another question will save this response. $/$r$/$n A Moving to another question will save this response. estion $65$ points You will deposit $ $10,000$ at $10\%$ for $6$ years, and then move the amount you would receive to an investment account at $8\%$ for another $3$ years. How much money would you have at the end of the entire period of $9$ years? $$ Question $6$ of $8$ Moving to another question will save this response. $/$r$/$n Moving to another question will save this response. uestion $75$ points If you deposit today $ $6,302$ in an account earning $8\%$ compound interest, for how long should you invest the money in order to earn $ $10,000?$Question $7$ of $8$ Moving to another question will save this response. $/$r$/$n Ahmed has two payment plans to buy a car. Payment plan $1$: pay AED $135,000$ cash now Payment plan $2$: pay AED $25,000$ now, AED $50,000$ in one year, and AED $85,000$ in three years. Interest is $10\%$ compounded annually. Which payment plan should Ahmed choose? Explain why. Question $8$ of $8$ Click Submit to complete this assessment.