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Sam borrow $2,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in five years?
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4 votes
Sam borrow $2,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in five years?

User Chris Neilsen
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2 Answers

3 votes
with 7% i would say that he was paying 150 at a time
User Tim Hettler
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8.3k points
3 votes
I would say the same thing the person above says.
User Dmitrijs Zubriks
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8.1k points
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