Brian takes out a $1,600 discounted loan calculated using a simple interest rate of 12% for a period of 15 months. How much money does Brian receive from the bank when the loan is drawn down? Give your answer in dollars to the nearest dollar.

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The federal reserve controls certain interest rates in the united states. investors often try to speculate as to whether the federal reserve will raise or lower rates and by how much. suppose a company conducts extensive interviews with financial analysts, and as a result, predicts that "thefed" will increase rates by an average of 0.25 percentage points every six months for the forseeable future. which type of equation could be used to model the predicted interest rates over the next several years, assuming no other significant changes? a) a linear equation b) a quadratic equation c) a polynomial equation d) an exponential equation