SOLUTION: Find the total amount that must be repaid if $100 is borrowed at 5.4% simple intrest for 3.5 years.

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Question 1050664: Find the total amount that must be repaid if $100 is borrowed at 5.4% simple intrest for 3.5 years.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
I = 100(.054)(3.5yr) = $18.90
$100 + $18.90 = $118.90, the total amount that must be repaid