You borrow 150000 DHS from your dad and promise to pay back 176550 DHS in thirty-six (36) months. What simple interest rate will you pay? Identify the Future Value amount Identify the Principal amount DHS Calculate the Rate (as a percentage) number no numbers behind the point) DHS Identify the Time (as used in the equation for calculation) years % (Round answer to whole

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A: See the attachment

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Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Given problem Given that   The principal represents an amount of money deposited in a savings…

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A: P=1240,  r=8%=0.08,  t=2  &  n=4.

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A: please see the next step for solution

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Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Given Data: The principle deposited amount is: P=$6000 The rate of interest is: r=8% The time period…