Suppose that you borrow $$900$ from a relative to pay for car repairs.

You will be charged simple interest at a rate of $8\%$ and the loan must be paid in full after $9$ months.

How much will have to be repaid after $9$ months?

$$954\mathrm{.}00$

$$954\mathrm{.}45$

$$948\mathrm{.}00$

$$960\mathrm{.}00$

Question $3$

$1pts$

Suppose that you borrow $$400$ from your parents and agree to pay back $$480$ in $6$ months.

What simple interest rate are you paying?

$40\%$

$8\%$

$0\mathrm{.}24\%$

$20\%$