Identifying the a) principal, b) interest rate, and the time period.
4) your brother borrowed from your neighbor 7,000 to buy a new mobile phone the never charged 11% for the borrowed amount payable after 3 years.
4) your brother borrowed from your neighbor 7,000 to buy a new mobile phone the never charged 11% for the borrowed amount payable after 3 years.
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Answer:
principal= 7,000
interest rate=11%
time period=3 years