question1:  Find the interest paid on a loan of $1,200 for three years at a simple interest rate of 5% per year.How much money will you pay after three years? Find the maturity value of a loan of $1,750 for 28 months at 9.8% simple interest per year. Find the simple interest rate of a loan of $5,000 that is made for three years and requires $1,762.50 in interest. A loan of $16,840 is borrowed at 9% simple interest and…