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OpenStudy (anonymous):
Brock borrows $2,000 from his father and repays the money after 2 years, plus 5% simple interest. How much interest does Brock pay on the loan? $100 $200 $1,000 $2,000
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OpenStudy (anonymous):
I = PRT I = (2000)(.05)(2) I = 200 Brock's interest is $200
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