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5. Solve the problem. Assume that simple interest is being catculated. A company borrows $56,000 for 7 years at an annual interest rate of 12.5% to buy carpeting a. Find the amount of interest paid after 7 years (Simplify your answer. Round to the nearest cent if needed). Interest due is S b. Find the total amount paid on the loan. (Simplify your answer. Round to the nearest cent if needed). Total Amount S 6. Solve the problem. Brad invests $2500 in an account paying 4% compounded annually. How much is in the account after 3 years? (Simplify your answer. Round to the nearest cent if needed) a. The amount in the account is $ b. The interest paid after 3 years