Ann borrows $7, 500 for 6 years at a simple interest rate of 4.25%. Find a.) the interest paid on the loan and b.) the total amount paid back. Tom invests $28,000 from his retirement for 10 years at a simple interest rate of 3.75%. Find f a.) the interest made on the investment and b.) the total amount paid back to Tom after 10 years.
Show transcribed image text Ann borrows $7, 500 for 6 years at a simple interest rate of 4.25%. Find a.) the interest paid on the loan and b.) the total amount paid back. Tom invests $28,000 from his retirement for 10 years at a simple interest rate of 3.75%. Find f a.) the interest made on the investment and b.) the total amount paid back to Tom after 10 years.

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Ann borrows $7, 500 for 6 years at a simple interest rate of 4.25%. Find a.) the interest paid on the loan and b.) the total amount paid back. Tom invests $28,000 from his retirement for 10 years at a simple interest rate of 3.75%. Find f a.) the interest made on the investment and b.) the total amount paid back to Tom after 10 years. Show transcribed image text Ann borrows $7, 500 for 6 years at a simple interest rate of 4.25%. Find a.) the interest paid on the loan and b.) the total amount paid back. Tom invests $28,000 from his retirement for 10 years at a simple interest rate of 3.75%. Find f a.) the interest made on the investment and b.) the total amount paid back to Tom after 10 years.

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