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Homework answers / question archive / Miguel borrowed money from a credit union for 6 years and was charged simple interest at an annual rate of 6%

Miguel borrowed money from a credit union for 6 years and was charged simple interest at an annual rate of 6%

Finance

Miguel borrowed money from a credit union for 6 years and was charged simple interest at an annual rate of 6%. The total interest that he paid was $72. How much money did he borrow?

 

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