Question: Can you please solve the two problems Suppose I need to borrow $1,601 from my neighbor The Saver. The Saver charges 185% simple annual interest

Can you please solve the two problems

Suppose I need to borrow $1,601 from my neighbor The Saver. The Saver charges 185% simple annual interest rate and I have to pay the principal plus interest off in 20 equal monthly payments. How much will be the monthly payment amount? Round answer to two digits after the decimal point. D Question 12 1 pts Suppose I borrowed $1,000 from my neighbor The Saver, and I am paying the loan off in 8 months with a payment amount of $643 per month. What is the simple annual interest rate The Saver is charging me? Round answer as a percent to a whole number (for example, if the answer is 52.66666%, enter 53)

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