Mathematics, 01.05.2021 07:40 colin774
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Arthur's brother wants to borrow some money. Arthur decided to lend him $1000 at 2% simple interest. If the loan will cost his brother $50, how much time does he have before he has to pay Arthur back. (See Example 2 in your notes.)
a
2 years
b
2.5 years
c
3 years
d
3.5 years
Answers: 2
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