Question 2: (20 points) A. A businessman borrowed S 120,000 from a Bank at a simple interest rate of 8% on June 12, the loan is due on September 20. points) Find the number of days of the loan from June 12 until September 20. Using exact interest, find the interest amount (1-2). A trader borrowed $8000 on a 120-day 4% simple interest note. He paid $1000 toward the note on day 35. On day 80 he paid an additional S1000. Assume 360-day year, what is his ending balance duc? (7 points) c-A service provider borrowed $75,000 from a local Bank. The loan was for 15 months at a simple interest rate of 8%. What are the interest and the maturity value? (6 points)