Question 2: (20 points) (A) Mr. Zaher is doing Retail Business in KSA and he took out a loan of $ 250,000 from the Bank at a simple interest rate of 6% on May 12, which is due on August 16. (7 points) a) Find the number of days of the loan from May 12 until August 16. BUS101 - Ver A - MG 4/8 2020-2021/Spring b) Using exact interest, find the interest amount (I=?). (Round to dollars) B) A dealer borrowed $ 25,000 on a 150 - days 4% simple interest note. He paid $ 10,000 toward the note on day 30. On day 80 he paid an additional $ 10,000. Assume 360-days year, what is his ending balance due? (7 points) (C) A Merchandiser borrowed $100,000. The loan was for 18 months at a simple interest rate of 4%. What is the interest and the maturity value? (6 points)