1. 1. wanda took out a personal loan for $16,000 at 9% simple interest. a. a. how much interest will she pay after 5 years? b. suppose she pays off the loan in 3 years instead of 5 years. how much money will she save in interest?

i believe the answer is letter c) 8

step-by-step explanation:

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500