4) Jenna lives on a bayou in Fort Walton Beach, Florida, and bought a new jet ski for $15,000 using a loan with a
simple interest rate of 2.5%. Complete the statements. An equation that models Jenna's loan is [Drop Down 1]. The y-
intercept is [Drop Down 2], which in this context represents [Drop Down 3]. If Jenna paid off the loan in 3 years, the
total she would have to pay, with interest, is [Drop Down 4].
Drop Down 1
A A = 15000(1+2.5t)
A = 15000(1+0.025t)
CA = 15000(1+0.25t)
B
Drop Down 2 A 375
Drop Down 3 A the amount of interest added each year
B
the initial cost of the jet ski
B 15000
C 15375
Drop Down 4 A 16125
B 26250
C 127500