Question: QUESTION 3.2 Simple Interest Peter borrowed $1, 300 from a credit union for 4 years and was charged simple interest at a rate of 2.95%.

QUESTION 3.2 Simple Interest Peter borrowed $1, 300 from a credit union for 4 years and was charged simple interest at a rate of 2.95%. What is the amount of interest he paid at the end of the loan? Choose one . 4 points O $27 $153.40 $153 $1, 534

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