10. Calculating Simple Interest on a Loan. Damon convinced his aunt to lend him $2,000 to purchase...
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10. Calculating Simple Interest on a Loan. Damon convinced his aunt to lend him $2,000 to purchase a plasma digital TV. She has agreed to charge only 6 percent simple interest, and he has agreed to repay the loan at the end of one year. How much interest will he pay for the year? (Obj. 2)
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