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6a.) You lend out $6200 and get $8525 back after 5 years. What was the simple interest rate on the loan? (1 mark) 6b.) If
6a.) You lend out $6200 and get $8525 back after 5 years. What was the simple interest rate on the loan? (1 mark) 6b\.) If you wanted to have $3500 in your account after 7 years with 3.5% simple interest rate, how much would you need to start with? (1 mark)
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