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You borrowed an amount of money from Sipho and have to pay him R2 400 interest after three years. Determine the amount borrowed if a simple interest rate of 8,00% is applicable
in BNU1501 by Diamond (40.1k points) | 10 views

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A =P ( 1 + in ) .... 2800 + P = P ( 1 + 3x0.08)... 2800= 1.24P - P ... P = R10000 was borrowed
by Wooden (3.5k points)

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