Question: B- A trader borrowed $8000 on a 120-day 4% simple interest note. He paid $1000 toward the note on day 35. On day 80 he

B- A trader borrowed $8000 on a 120-day 4% simple interest

B- A trader borrowed $8000 on a 120-day 4% simple interest note. He paid $1000 toward the note on day 35. On day 80 he paid an additional $1000. Assume 360-day year, what is his ending balance due? (7 points) 5 BUS101 - VER A Fall 2020/21 C- A service provider borrowed $75,000 from a local Bank. The loan was for 15 months at a simple interest rate of 8%. What are the interest and the maturity value? (6 points)

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