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You need to use information from the first question to answer the second question in this section. Question 14 (3 points) On November 28, 2019,
You need to use information from the first question to answer the second question in this section. Question 14 (3 points) On November 28, 2019, Julie borrowed $7,300 with simple interest rate of 5.8%. She is planning to pay off the loan on Feb 22, 2020. How many days are needed to calculate the interest accrued on the loan? Use the workbook to show your calculations. 90 85 86 280 Question 15 (2 points) Using the information from the question above, what is the outstanding balance of the loan when Julie pays it off on February 22? Use the workbook to show your calculations. 8296.72 7396.79 8297.62 7399.76 Question 16 (2 points) How long will it take for your money to double when you are earning 6.5% simple interest. Round your answer to 2 decimal places. Show your calculations in your workbook. 15.40 years 10.32 years 15.38 years
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