### A) What annual interest rate did the man pay? B) How much would the man need to repay at the end of two months if he borrowed $5000 with the same rules and same annual interest rate?

1. Three students each have $1000 to invest from their summer jobs. Armen invests his money in an account that earns simple interest at an APR of 5 percent. Barok invests his money in an account that earns 4.9 percent interest per year compounded annually. Carrie invests her money in an account that earns 4.8 percent interest pe