Q1-Molly invested $600 in her savings account for a period of six months. If saving account was offering hersimple interest rate of 2.20% p.m.Calculate:a. The maturity of her investment?b. The interest she earned at the end of the time period ?Q2-Samantha loaned$300,000to a small business at8.25%compounded semi-annually for3year and4months.a. How much would the business have to repay Samantha at the end of the period?b. How much interest did Samantha earn from this investment?