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Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?

Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?
45.5k views
3 votes
Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?

User Debbee
by
7.9k points

2 Answers

6 votes

Answer:2300

Explanation:

User Razican
by
8.1k points
7 votes

Answer:

$2060

Explanation:

3% of 2000 = 60

2000+ 60 =2060

User Rishi Kesh Dwivedi
by
8.6k points
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