If a lender makes a simple loan of $300 for 4 years and charges 8%, then the amount that the lender receive at maturity is $. (Round your response to the nearest two decimal place) If a lender makes a simple loan of $2000 for one year and charges $130 interest, then the simple interest rate on that loan is%. (Round your response to the nearest whole number) 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 OA. 5.0% OB. 6.0% OC. 65% OD. 6.5%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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If a lender makes a simple loan of $300 for 4 years and charges 8%, then the amount that the lender receive at maturity is $
(Round your response to the nearest two decimal place)
If a lender makes a simple loan of $2000 for one year and charges $130 interest, then the simple interest rate on that loan is%. (Round your response to the nearest whole number)
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. 6.0%
C. 65%
O D. 6.5%
Transcribed Image Text:If a lender makes a simple loan of $300 for 4 years and charges 8%, then the amount that the lender receive at maturity is $ (Round your response to the nearest two decimal place) If a lender makes a simple loan of $2000 for one year and charges $130 interest, then the simple interest rate on that loan is%. (Round your response to the nearest whole number) 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. 6.0% C. 65% O D. 6.5%
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