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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?
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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?

User HaleFx
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1 Answer

2 votes
Principal=3k
Interest rate=3.5
Time=4 years
=42k
User DCookie
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