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to buy a laptop computer, elaine borrowed
$2,000 for 3 years at an annual simple interest
rate of 5%. how much interest will she pay if she
pays the entire loan off at the end of the third
year? what is the total amount that she will
repay?
o $5,000.00
o $3,000.00
o $2,300.0
o $300.00

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