Mathematics, 21.03.2020 21:20, DaiDai8328

Tim is borrowing $3500 and will pay it back at the end of 4 years. The lender asks that Tim pay simple interest of 3.5% annually. Using the simple interest formula, determine how much interest Tim will have to pay back in addition to the $3500 principal amount.

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Tim is borrowing $3500 and will pay it back at the end of 4 years. The lender asks that Tim pay simp...