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Damon convinced his aunt to lend him $ 2 , 0 0 0 to purchase a digital TV . He has agreed to charge only

Damon convinced his aunt to lend him $

2, 000

to purchase a digital TV

.

He has agreed to charge only

6

percent simple interest, dnc he has agreed to repay the loan at the end of one year. How much interest witl he pay for the year?

Interest amount

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