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Posted on Jul 29, 2024

You repay a $ 4 , 0 0 0 loan from your parents with a single payment of $ 4 , 6 0 0 .

You repay a $

4, 000

loan from your parents with a single payment of $

4, 600 .

Your parents charged

6 %

simple interest. How many MONTHS ago did you borrow the money?

(3)

T = P R T

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