Brooke was required to repay a loan that matured to $3,000 on August 7, 2015. However, she realized that she could clear the loan amount on June 16, 2015 instead. How much would she have to pay to clear the loan on June 16, if the simple interest rate charged is 4.50% p.a.? Juliana invested $5,100 at 5.50% p.a. simple interest. How many days will it take for her investment to grow to at least $5,330? Meghan lent $2,340 at a simple interest rate of 2.25% p.a. to her friend on September 04, 2013. Calculate the amount of interest Meghan's friend had to pay on May 01, 2014.

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A: Deposit amount (PV)=$5,000 Duration (n)=44 months and 12 days Rate of interest (i)=0.0033

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A:

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A: calculation of above requirement are as follows

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