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Daniel borrowed $5000 from the bank for 2 years at 9% simple interest per annum. Calculate how much interest Daniel is charged.
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Daniel borrowed $5000 from the bank for 2 years at 9% simple interest per annum. Calculate how much interest Daniel is charged.

User Yan Q
by
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1 Answer

5 votes

Answer:

Daniel is charged $900

Explanation:

This is because 9 percent of 5000 is 450. Multiply 450x2 and get 900.

User Leo Galleguillos
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