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Marjani owes $6,000 to a bank. The debt grows with simple interest at a rate of 5% per year. How much will Marjani owe in two years?

 Dec 13, 2021
 #1
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5% of 6000= 30 :)

 Dec 13, 2021
 #2
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6,000 x 0.05  x  2 years ==$600 - interest due in 2 years.

 Dec 13, 2021

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