What amount of Interest will be charged on $6500 borrowed from five months at a simple interest rate of 6% p.a.? Q2) The interest earned on a $6000 investment was $120. What was the term in months if the interest rate was 3%? Q3) Tony put $9500 in a term deposit on May 22. It matured on September 4 at $9588.82. What interest rate did he earn on his term deposit? Q4) A $4000 loan made at 7.75% is to be repaid in three equal payments, due 30, 90 and 150 days, respectively, after the date of the loan. Determine the size of the payments. Q5) Sarah has a saving account that pays 2.5% Daily interest. On June 1, the balance in her account was $2252.68. On June 7 she deposited $500, she deposited another $700 on June 18, and then withdrew $2400 on June 27. Calculate the interest she will receive for the month of June.