1) annie gets a loan from her bank. she agrees to borrow £8000 at a fixed annual simple interest rate of 6%. she also agrees to pay the loan back over a ten year period. how much money in total will she have paid back at the end of the 10 years? 2) ryan invested some money in his bank. he agreed a simple interest rate of 4% per annum for a period of 2 years. at the end of the 2 year period the value of his investment increased by £24. work out the price of ryan's initial investment.