Brent Pickett borrowed $3000 from his brother Dave. He agreed to repay the money at the end of 2 years, giving Dave the same amount of interest that he would have received if the money had been...


Brent Pickett borrowed $3000 from his brother Dave. He agreed to repay the money at the end of 2 years, giving Dave the same amount of interest that he would<br>have received if the money had been invested at 2.25% compounded quarterly. How much money did Brent repay his brother?<br>Brent repaid his brother S<br>(Round to the nearest cent as needed.)<br>

Extracted text: Brent Pickett borrowed $3000 from his brother Dave. He agreed to repay the money at the end of 2 years, giving Dave the same amount of interest that he would have received if the money had been invested at 2.25% compounded quarterly. How much money did Brent repay his brother? Brent repaid his brother S (Round to the nearest cent as needed.)

Jun 04, 2022
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