Answer the following problems: 1. A loan of 10,000 has been issued for 6-years. Compute the amount to be repaid by borrower to the lender if simple interest is charged @ 5% per year. 2. Suppose 7,000...

Answer the following problems with complete solution.

Extracted text: Answer the following problems: 1. A loan of 10,000 has been issued for 6-years. Compute the amount to be repaid by borrower to the lender if simple interest is charged @ 5% per year. 2. Suppose 7,000 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 5%. After three years there is a total of 1451.25 in interest between the two accounts. How much was invested into each account (rounded to the nearest cent)? 3. John wants to have an interest income of 3,000 a year. How much must he invest for one year at 8%?