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Roberto has a loan of $2,500. This loan has a simple interest rate of 5% per year. What is the amount of interest Roberto will be charged on this loan at the end of two years?

Roberto has a loan of $2,500. This loan has a simple interest rate of 5% per year. What is the amount of interest Roberto will be charged on this loan at the end of two years?
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Roberto has a loan of $2,500. This loan has a simple interest rate of 5% per year. What is the amount of interest Roberto will be charged on this loan at the end of two years?

asked
User White Island
by
8.5k points

1 Answer

7 votes

Answer:

$250

Step-by-step explanation: (2,500 x .05) + (2,500 x .05)= 250

answered
User Tiago Marinho
by
8.8k points
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