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Maria borrowed $3,000 at a simple interest rate of 4% per year. How much did she have to repay after 4 years? $3480 $480 $7800 $4800

Maria borrowed $3,000 at a simple interest rate of 4% per year. How much did she have to repay after 4 years? $3480 $480 $7800 $4800
asked 75.3k views
3 votes
Maria borrowed $3,000 at a simple interest rate of 4% per year. How much did she have to repay after 4 years?

$3480
$480
$7800
$4800

asked
User Yamen
by
7.2k points

1 Answer

4 votes

Answer:

$3480

Explanation:

answered
User Swapnil Kamat
by
8.6k points
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