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Simple interest calculation problem asking for the principal amount invested at 6% annual interest over 3 years to earn $3870.

A handwritten math problem on lined paper asking how much money was invested at 6% annual simple interest for 3 years to earn $3870, with the formula P = I / rt and rate .06 written below.

A handwritten math problem on lined paper asking how much money was invested at 6% annual simple interest for 3 years to earn $3870, with the formula P = I / rt and rate .06 written below.

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