How much interest will you owe if you borrow $9700 for 3 years at a simple interest rate of 5% annually (assuming that you

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 50E
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How much interest will you owe if you borrow $9700 for 3 years at a simple interest rate of 5% annually (assuming that you don’t make any payments during that time and that there is no compounding)
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