Mathematics, 21.05.2021 22:20 SKYBLUE1015

Four years ago, Spencer borrowed money from his cousin who charged him simple interest. If Spencer paid his cousin back $62, what was the interest rate? Could you have figured this out if the interest rate was compounded instead?

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More questions: Mathematics Another questions

Four years ago, Spencer borrowed money from his cousin who charged him simple interest. If Spencer paid his cousin back $62, what was the interest rate? Could you have figured this out if the interest rate was compounded instead?​

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Another question on Mathematics

Four years ago, Spencer borrowed money from his cousin who charged him simple interest. If Spencer paid his cousin back $62, what was the interest rate? Could you have figured this out if the interest rate was compounded instead?