Question: Otto borrowed $5000 for 2 years at a simple interest rate of 9%. a) How much interest will he pay altogether? b) How much

Otto borrowed $5000 for 2 years at a simple interest rate of

Otto borrowed $5000 for 2 years at a simple interest rate of 9%. a) How much interest will he pay altogether? b) How much will he have to pay back altogether in 2 years?

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