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Rebecca earned $2,993 as interest by lending a certain amount at a simple interest rate of 2.00% p.m. for 14 months. a. Calculate the principal

Rebecca earned $2,993 as interest by lending a certain amount at a simple interest rate of 2.00% p.m. for 14 months.

a. Calculate the principal amount of the loan.

b. Calculate the maturity value of the loan.

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