Question (2) 10 marks Al Hijawii faculty of engineering technology decided to buy a machine for the soil mechanics lab. The faculty received two loan offer, one from Cairo Amman Bank and the other from Al Ahli Bank. The faculty agreed with the banks to pay back the loan in monthly equal instalments of 25,600 JOD in 1 year. For Cairo Amman Bank offer, the starting interest rate is 7% per year varies quarterly at a rate of 10% of its preceding value. For Al Ahli Bank offer, the interest rate is fixed at 9% per semi-annual (a) What is the amount of the loan in the two Bank offers. (b) Which offer will attain less interest. (c) What is the amount of interest paid during the first 6 months for the two offers