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How to find simple interest Practice Test
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Q1
Harry borrowed $5000 from his parents at a rate of simple interest of 2% annually and paid it back in full in 30 months. What is the total amount of interest and principal his parents charged him?
Harry borrowed $5000 from his parents at a rate of simple interest of 2% annually and paid it back in full in 30 months. What is the total amount of interest and principal his parents charged him?
rises to 
after one year if it is only compounded yearly?