Find the total amount that must be repaid on the following note. Assume the number of days in a year is n = 360. $8078 borrowed at 12.5% simple interest What is the total amount to be repaid 4 years, 80 days later? (Give your answer to the nearest cent.

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Find the total amount that must be repaid on the following note. Assume the number of days in a year is n = 360. $8078 borrowed at 12.5% simple interest What is the total amount to be repaid 4 years, 80 days later? (Give your answer to the nearest cent.

Mathematics
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simle interest being that it is compounded once a year?
I = Prt
(1009.75) * (time) if you can figure out what they mean by "time" your set :)

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