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Homework answers / question archive / A simple interest, 3-month loan of $3,000 has a maturity value of $3,090
A simple interest, 3-month loan of $3,000 has a maturity value of $3,090. Determine the following values.
INTEREST=
PRINCIPAL=
INTEREST RATE=
TIME PERIOD IN YEARS=
Give the annual simple interest rate on this loan as a percent.
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