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7 April, 01:45

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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  1. 7 April, 02:02
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    Daniel is charged $900

    Step-by-step explanation:

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