NOTE: Before you attempt to complete this worksheet, please review the Study Folder for chapter 10 \& 11 , and please read the Read Me First\& Help Sienna folders for this week. Sienna has experienced a couple of profitable months and has over $20,600 in disposable income, however she is thinking that she should replace a few of her high-end blenders for the smoothie bar. She's considering investing her profits in a short-term fund with a high interest yield, and borrowing the money needed to purchase the blenders, especially since she can write off a portion of her loan interest when she does her taxes. (Chapter 10) Help Sienna determine which would be the best options for her loans and investments Chapter 10 Simple Interest 1.Sienna is considering the following loan for the blenders, using the exact interest method how much interest would she pay? Principal Rate (\%) Time (days) Exact Interest $15,00013%120 Answer: 2.At the same time she found a short-term investment fund for to invest the $20,600 using the ordinary interest method, how much interest would she earn? Principal Rate (\%) Time (days) Ordinary Interest $20,60012%98= Answer: 3.Mike Johnson is expecting to get a huge bonus in 3 months, so he considering taking out a personal loan for $5,880 at the Mountain Ridge Bank for 110 days, to purchase his fianc a wedding ring, of course he will pay it back once he gets his bonus. The bank prefers the ordinary method for calculating interest. What rate of interest will be charged if the amount of interest would be $152 ? (Round to the nearest tenth of a percent)