Question: please answer me! thank you a. Nancy borrowed money from her bank on 1 January 2018. She needs to make a single repayment of $5,000

please answer me!

thank you

a. Nancy borrowed money from her bank on 1 January 2018. She needs to make a single repayment of $5,000 on 1 July 2022. The interest rate is 4.4% p.a. effective. Calculate the following items. (Round your answer to the nearest cent.) i The amount of money borrowed by Nancy. (1 mark) ii. The total simple interest charged by the bank. (1 mark) iii. The interest on interest charged by the bank. (1 mark)

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