Lane borrowed $1200 for a new drum set. she will be paying 6.5% in simple interest over the next 2 years. what is the total amount of interest she will be paying on the loan? show work

You’re ordering more thread for blue jeans co. you usually purchase from ted’s threads, which sells 12 thread spools for $27. you recently received a notice from wade's wares that says you can buy thread from them for $2.30 each for the first 2 dozen and $2 a spool thereafter. you need to order 5 dozen spools. what percentage can you save by going with wade’s wares?