A business is looking to invest £5,000 in a new machine. It intends to borrow the £5,000 required from the bank and repay it over five years. The monthly repayment will be £89.50.
Interest (on loans) in %
a) 1.8%
b) 7.4%
c) 8.9%
5.1 Using the information provided, identify the correct interest (on loans) in % the business
will pay (show your workings)

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to: