Styles Belinda borrowed $24,000 at simple interest rate of 3.40% p.a. from her parents to start a business. At the end of 3 months, she paid them $2,400 and $2,200 at the end of 7 months. How much would she have to pay them at the end of 15 months to clear the balance? Use 'now' as the focal date. Chelsea received an academic achievement prize of $3,000 from her college. She deposited this money into a savings account on September 06, 2016. If the interest accumulated on the investment when she withdraws the money on April 18, 2017 was $59.84, calculate the annual rate of simple interest that the savings account was providing her. Loan payments of $2,900 due 98 days ago and $4,450 due today are scheduled to be repaid with a payment of $4,320 in 31 days and the balance in 129 days. If money earns 6% p.a. simple interest, what is the size of the final payment? Use 129 days from today as the focal date