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The principle is borrow a simple interest rate R for a period of time
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The principle is borrow a simple interest rate R for a period of time

The principle is borrow a simple interest rate R for a period of time-example-1
User Vvchik
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Simple interest = Principal x Rate x Time : 100

Simple interest = 7000 x (0.04) x 1

Simple interest = $280

Answer: $280

User Mweerden
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