a. Find the simple interest on the loan. $1900 at 7% for 10 years. b. Find the total amount due for the simple interest loan. $1700 at 8% for 10 years. c. Determine the amount due on the compound

a. The simple interest on the loan is $1,330. This can be calculated using the formula I = P*r*t, where I is the interest, P is the principal amount, r is the annual interest rate, and t is the time in years. Plugging in the values given in the problem, we get I = 1900*0.07*10 = $1,330. b. The total amount due for the simple interest loan is $3,060. This can be calculated by adding the principal amount to the interest amount, which we calculated in part a. Therefore, total amount due = 1700 + 1360 = $3,060. c. The amount due on the compound interest loan is $22,614.44 when compounded annually, and $23,233.18 when compounded quarterly. This can be calculated using the formula A = P*(1+r/n)^(n*t), where A is the amount due, P is the principal, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the time in years. Plugging in the values given in the problem, we get: - Annually: A = 15000*(1+0.03/1)^(1*10) = $22,614.44 - Quarterly: A = 15000*(1+0.03/4)^(4*10) = $23,233.18