Question: Answer these questions using mathematical answers. Nothing too advanced. A simple answer would he great! F.L. VI: Simple Interest 1. Find the simple interest paid



F.L. VI: Simple Interest 1. Find the simple interest paid after the given time. a. Loan of $1000 at 2% yearly interest for five years b. Investment of $3000 at 0.5% monthly interest for one year c. Loan of $500 at 1% weekly interest for 6 weeks F.L. VI: Simple Interest Apr. 1 2. Yu invests $1000 at 3% yearly interest. The interest is paid monthly and not invested again. How much interest does Yu earn in six months? How do you know? F.L. VI: Compound Interest Apr. 1 1. Use a table to find the total amount from the investment. Principal: $2000 Interest rate: 7% per year compounded Duration: 3 years Year Balance Total Amount 1 $2000 $2000 * 1.07 = $2140 2 $2140 3 F.L. VI: Compound Interest Apr. 1 2. Jayden takes a loan of $6000 at 5% yearly interest. He makes no payments for the first three years, during which time the interest is added to the principal. When Jayden starts to pay off the loan after three years, how much does he owe the bank
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