Question: 1.) A student borrows $ 2000 for tuition to be paid back at a simple interest rate of 15 % in 9 months. How much

1.) A student borrows $2000 for tuition to be paid back at a simple interest rate of 15% in 9 months. How much does he pay back in 9 months?

2.) You deposit $6,000 in a savings account at a bank that has a rate of 3% compounded quarterly. Find the amount of money in the account after 8 years.

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