Question

Help please

Answer 1

so the jet ski costs 2925, she'll get a loan for 48 months, well, keeping in mind that there are 12 months in a year, 48 months is really 48/12 years, namely 4 years.

$\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\to& \ 2925\\ r=rate\to 6.5\%\to \frac{6.5}{100}\to &0.065\\ t=years\to &4 \end{cases} \\\\\\ I=(2925)(0.065)(4)\implies I=760.5$