Solve the Following Questions: 1. An employee at ITC borrows $10,000 on November 17 and must repay a total of $10,700 exactly 1 year later. Determine the interest amount and the interest rate paid. 2. Calculate the amount deposited 1 year ago to have $1000 now at an interest rate of 5% per year. i. Calculate the amount of interest earned during this period. 3. If ABC Construction made a $30,000 investment in a friend's business and received $50,000 5 years later, determine the rate of return