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Sam borrows R7000 from a Bank at 14% p.a ,simple interest for 5 years.
How much does he have to pay back to the Bank at the end of 5 years period.​


Sagot :

Answer:

$ 4,900.00

Step-by-step explanation:

I = 7000 × 0.14 × 5 = 4900

I = $ 4,900.00