Mathematics, 16.04.2020 02:03 PotatoBananad
Corey is borrowing $5000 from his parents and will pay it back at the end of 2 years. His parents ask that Corey pay simple interest of 4% annually. Using the simple interest formula, I=P⋅r⋅t, determine how much interest Corey will have to payback in addition to the $5000 principal amount.
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Corey is borrowing $5000 from his parents and will pay it back at the end of 2 years. His parents as...
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