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Which of the following is the simple interest paid on a loan of $354 at 6% for six months
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Which of the following is the simple interest paid on a loan of $354 at 6% for six months

User Konstantin Petrov
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You deposit some money into a bank account paying 6% simple interest per 6 months. You received $354 in interest after 6 months. How much the deposit (principal) was?
Result
The principal was $5900.
User Kevin Grosgojat
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