6 To buy a laptop computer, Elaine borrowed $2.000 for 3 years at an annual
simple interest rate of 5%. How much interest will she pay if she pays the entire
loan off at the end of the third year? What is the total amount that she will repay?

The federal reserve controls certain interest rates in the united states. investors often try to speculate as to whether the federal reserve will raise or lower rates and by how much. suppose a company conducts extensive interviews with financial analysts, and as a result, predicts that "thefed" will increase rates by an average of 0.25 percentage points every six months for the forseeable future. which type of equation could be used to model the predicted interest rates over the next several years, assuming no other significant changes? a) a linear equation b) a quadratic equation c) a polynomial equation d) an exponential equation