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Today at 11:15 AM
Mathematics

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Gerry is borrowing money from a friend at a simple interest rate of 4%. If she borrows $2000 and plans to pay it back in 2 years, how much interest will she owe?

Answer :

jmosier jmosier

Today at 11:20 AM

I= prt
I= 2000 x 2 x .04
Interest is $160
Total it'll be $2160

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