michael borrowed $4,500 from the bank. the back charged a simple interest rate of 10.5% for the 3 years he had the back loan. what was the total cost of the loan ? .

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# Michael borrowed $4,500 from the bank. the back charged a simple interest rate of 10.5% for the 3 years he

michael borrowed $4,500 from the bank. the back charged a simple interest rate of 10.5% for the 3 years he had the back loan. what was the total cost of the loan ? .