Question: You repay a $ 4 , 0 0 0 loan from your parents with a single payment of $ 4 , 6 0 0 .

You repay a $4,000 loan from your parents with a single payment of $4,600. Your parents charged 6% simple interest. How many MONTHS ago did you borrow the money? (3)
T=PRT
You repay a $4,000 loan from your parents with a single

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