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Mr. Amro received $2,000 as a net benefit of a 6% interest-rate investment he made a year ago. The amount he actually invested was: 5.00

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Mr. Amro received $2,000 as a net benefit of a 6% interest-rate investment he made a year ago. The amount he actually invested was: 5.00 lent for 3 years at an interest rate, i=10%$150,000 per year. Calculate repayment after 3 years for the :following cases a) Using a simple interest rate) b) Using a compound interest rate)

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