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Joe borrowed $2000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 5 years?

Joe borrowed $2000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 5 years?
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Joe borrowed $2000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 5 years?

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User Fabianfett
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3 votes
joe would be paying 700 dollars in 5 years time
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User Orpheus
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2 votes
Joe would be paying $700 in 5 years time.
answered
User Sukanya
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8.1k points
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