To purchase on an engagement ring for his girlfriend, Elliott borrowed $3,800 from the bank for three years at a 4.25% simple interest rate. How much interest will he have paid at the end of the loan?

You just purchased two coins at a price of $670 each. because one of the coins is more collectible, you believe that its value will increase at a rate of 7.1 percent per year, while you believe the second coin will only increase at 6.5 percent per year. if you are correct, how much more will the first coin be worth in 15 years?