Question: Question 3 a) A man borrows 2000 for 160 days at 6,50%. What amount must he repay? (use a 360-days year) b) Use the simple

Question 3 a) A man borrows 2000 for 160 days at

Question 3 a) A man borrows 2000 for 160 days at 6,50%. What amount must he repay? (use a 360-days year) b) Use the simple interest formula to find the rate on a 2000 loan for which the interest was 12 for 30 days. (use a 360-days year) c) How long it will take 2000 to accumulate to at least 360 at 11.5% ordinary simple interest? (use a 360-days year)

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