1.) A student borrows $
style=”color:rgb(0,0,0);”>2000 for tuition to be paid back at a simple interest rate of 15% in 9 months. How much does he pay back in 9 months?
2.) You deposit $6,000 in a savings account at a bank that has a rate of 3% compounded quarterly. Find the amount of money in the account after 8 years.