Question:

In order to start a small business, a student takes out a simple interest loan for $5000.00 for 6 months at a rate of 10.50%. a). How much interest must the student pay? b). Find the future value of t

In order to start a small business, a student takes out a simple interest loan for $5000.00 for 6 months at a rate of 10.50%.
a). How much interest must the student pay?
b). Find the future value of the loan.

In order to start a small business, a student takes out a simple interest loan for $5000.00 for 6 months at a rate of 10.50%. a). How much interest must the student pay? b). Find the future value of the loan.