Beth deposited $ 4,000 in a collage fund earning 3.5 % simple interest. what was the total interest earned at the end of 12 years.

Pamela has a 30-year, 5.75% mortgage on her $250,000 home. she has been paying on it for 5 years, and has recently hit some financial trouble. if her lender agreed to lower the interest rate on her $231,905.47 balance to 5.5%, what will her new payment be for the remainder of the loan?