Jameson is seeking a loan with a simple interest rate of 3% per year. If he wants to borrow $8000, then how much will he be charged in interest after 4 years?

$960

Step-by-step explanation:

You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.

I = interest amount

P = principal amount

r = interest rate (decimal form)

t = time

The first step is to change 3% into a decimal:

3% -> -> 0.03

Now, lets plug in the values into the equation:

Jameson will be charged $960 of interest after 4 years.

Find below:

Step-by-step explanation:

To solve this, we either find the total cos5 of buying 40 bouquets at $2.50 or find the cost of one bouquet at $120.

Cost of one in pack of 40 at $120.

120 divided by 40 = $ 3

Now, we can see that $3>$2.50

This means that Kendra is wrong to buy the bouquet pack of 40 for $120

Hope this helps.

Good Luck