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October 17, I borrowed \$6,000.00 at a rate of 4%. I have to repay the loan in 7 months. What is the simple interest and the total amount owed upon maturity?

I = PRT (Interest = Principal * Rate * Time)

.04 interest/yr = .003 mo (.04/12)
I = 6000 * 0.003 * 7

You can take it from here.

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