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A loan of $5000 is taken for 2 years at a simple interest rate of 8%. What will
Practice Questions
Q1
A loan of $5000 is taken for 2 years at a simple interest rate of 8%. What will be the total amount to be paid back?
$5400
$5600
$5800
$6000
Questions & Step-by-Step Solutions
A loan of $5000 is taken for 2 years at a simple interest rate of 8%. What will be the total amount to be paid back?
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