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Mathematics

Answered

Morgan borrows $4,000 dollars from his mother at a 6% annual simple interest rate and pays her $720 interest after t years. What is the value of t?

2
3
4
5

Answer :

Wesley21caldwellgo Wesley21caldwellgo

3 years because 4,000x0.06= $240 every year. 240x3 = $720

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