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24 June, 16:49

Suppose you borrow $300 from your grandfather, who charges 5% simple interest (He's "teaching" you a lesson about money). If you're paying him back in one payment at the end, how much do you owe him in 2 years?

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  1. 24 June, 17:07
    0
    330

    Step-by-step explanation:

    5% of 300 is 15

    15 * 2 years is 30

    30 + Original 300

    =

    330
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