Question: Question content area Part 1 If a lender makes a simple loan of $ 9 0 0 for 3 years and charges 3 % ,

Question content area
Part 1
If a lender makes a simple loan of $900
for 3
years and charges 3
%,
then the amount that the lender receive at maturity is $enter your response here
.
(Round your response to the nearest two decimal place)
Part 2
If a lender makes a simple loan of $2500
for one year and charges $130
interest, then the simple interest rate on that loan is enter your response here
%.
(Round your response to the nearest whole number)
Part 3
If a borrower must repay $106.50 one year from today in order to receive a simple loan of $100 today, the simple interest on this loan is
A.
5.0%
B.
6.5%
C.
6.0%
D.
65%

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