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The principal P is borrowed and the loan's future value A at time t is given Determine the loan's simple interest rater. P = $5000.00

The principal P is borrowed and the loan's future value A at time t is given Determine the loan's simple interest rater. P = $5000.00 A = $6000 00, = 4 years 1% (Round to the nearest tenth of a percent as needed.)

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