Mathematics
Mathematics, 26.01.2021 20:50, Inrt8134

The formula for simple interest is I = prt where I = the amount of interest, p = the amount of principal borrowed, r=the rate of interest, and t= the amount of time in years. Terri borrows $3500 at an interest rate of 3% and plans on paying her loan over 4 years. Using the interest formula, what is the total amount Terri will have to repay on both the loan and the interest?

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