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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. 

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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. 

 
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