Question 8 0/1 pt 599 Details How much should you invest now at 3 3/4% simple annual interest in order to earn $120 interest in 11 months? State your result to the nearest penny. Question Help: Video Submit Question Question 9 B0/1 pt 95 99 Details Shannon borrowed $4500 from the bank for 19 months. The bank discounted the loan at 6.5%. How much was the interest? State your result to the nearest penny. How much did Shannon receive from the bank? $ State your result to the nearest penny. What was the actual rate of interest? % State your result to the nearest hundredth of a percent