Mr. O'Neill borrows $1250 for 4 months at 8% interest. How much interest does he pay? Round your final answer to two decimal places. Need Help?Read It Talk to a Tutor 19. My Notes Ask Your Teacher 0 A jeweler wants to obtain $5000 for 6 months. She has the choice of a simple interest loan at 9.6% or a discount loan at 9.2%, which one will result in the lower fee for use of the money? Simple discount at 9.2% results in the lower fee. Simple interest at 9.6% results in the lower fee Need HelpRead It Talk to a Tutor 20. My Notes Ask Your Teachen The city of Hewitt sold $405,000 in bonds to build a new city park. The interest rate is 6% and is to be paid annually for 3 years. Find the annual interest. Find the total interes