Question: A man man borrowed $ 3000 3000 from a bank for 3 3 months. A friend was cosigner of the man man 's personal note.

A man

man borrowed $3000

3000 from a bank for 3

3 months. A friend was cosigner of the man

man's personal note. The bank collected 8 and one half

812% simple interest on the date of maturity.

a) How much did the man

man pay for the use of themoney?

b) Determine the amount he

he repaid to the bank on the due date of the note.

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