Question: 1. Loan Interest A loan with a weekly payment of $100 has an unpaid balance of $2000 after 5 weeks and an unpaid balance of

1. Loan Interest A loan with a weekly payment of $100 has an unpaid balance of $2000 after 5 weeks and an unpaid balance of $1903 after 6 weeks. If interest is compounded weekly, find the interest rate.
2. Loan Interest A loan with a quarterly payment of $1500 has an unpaid balance of $10,000 after 30 quarters and an unpaid balance of $8670 after 31 quarters. If interest is compounded quarterly, find the interest rate?

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