Question: Please Show All Work For Question A and B. A) A company paid a bank interest of $52,000 for a $2,000,000 loan they had borrowed

Please Show All Work For Question A and B.

A) A company paid a bank interest of $52,000 for a $2,000,000 loan they had borrowed for 170 days. What is the interest rate the bank charged?

B) A company borrowed money from a bank which charged interest at a rate of 4.75%. If the loan was for 90 days and the company paid the bank $118.75 in interest, how much money did the company borrow?

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