Question: If you borrow $3,000 at 6% simple interest per year for seven years, how much will you have to repay at the end of seven

If you borrow $3,000 at 6% simple interest per year for seven years, how much will you have to repay at the end of seven years?(4.2)

(a) $3,000

(b) $4,511

(c) $1,260

(d) $1,511

(e) $4,260

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