marcus borrows $3,000 from his local credit union, to be repaid with 3.5% simple interest over 4 years. What are the principal, interest rate, and time in this situation?

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Gentian Kasa asked Dec 8, 2023

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marcus borrows $3,000 from his local credit union, to be repaid with 3.5% simple interest over 4 years. What are the principal, interest rate, and time in this situation?

Mathematics
high-school

Gentian Kasa asked Dec 8, 2023

by Gentian Kasa

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1 Answer

22 votes

Principal=3k
Interest rate=3.5
Time=4 years
=42k

Chitharanjan Das answered Dec 14, 2023

by Chitharanjan Das

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