t. After you purchase the house, you decide to do some remodeling in the kitchen. You ask your parents if they would lend you money, but you insist on paying them interest. The agreement is that they will lend you $5000.32) at a simple interest rate of 2% per year. Once the interest amounts to $250, you agree to pay them back the $5000 plus the $250 interest. After how many months will you have to pay them back? 1. Suppose instead that the $5000.00 was invested in a savings account that paid 2% interest compounded quarterly. How much interest would be earned after 2.5 years