A security has a price of $3,000 and an amount to be repaid in a single payment of $3,400.What is the amount of interest on the security?

Name: A security has a price of $3,000 and an amount to be repaid in a single payment of $3,400.What is the amount of interest on the security?
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The Answer of A security has a price of $3,000 and an amount to be repaid in a single payment of $3,400.What is the amount of interest on the security?

A Security Has a Price of $3,000 and an Amount