IP1U8 8.3.4 Worked Example 1
IP1U8 8.3.4 Worked Example 1
TGM Original Questions
Jim borrows \(\$20\,000\) from a bank which charges a simple interest of \(2.5\%\) per annum. Find the total interest he has to pay at the end of \(2\) years.
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Answer:\(\$1000\)
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