Test 1 simple and Compound interest\ Close Date Wed, Feb 7,2024 10,00 AM\ Question 2 of 10\ Paige paid off a loan by making a payment of

$6,800

, which included simple interest of

5.5%

p.a. If she obtained the loan 8 months ago, calculate the amount borrowed and the amount of interest paid on this loan.\ Amount borrowed:\ Round to the nearest cent\ Amount of interest paid:\ Round to the nearest cent

Test 1 simple and Compound interest Close Date Wed, Feb 7,2024 1000 AM Question 2 of 10 Paige paid off a loan by making a payment of $6,800, which included simple interest of 5.5% p.a. If she obtained the loan 8 months ago, calculate the amount borrowed and the amount of interest paid on this loan. Amount borrowed: Round to the nearest cent Amount of interest paid: Round to the nearest cent