Question: 1. Determine the (simple) interest rate at which $980 grows to $1000 in 6 months. 2. At what (simple) interest rate will $1000 grow to

1. Determine the (simple) interest rate at which $980 grows to $1000 in 6 months.
2. At what (simple) interest rate will $1000 grow to $1200 in 5 years?
3. How many years are required for $500 to grow to $800 at 1.5% simple interest?
4. How many years are required for $1000 to grow to $1240 at 2.4% simple interest?

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