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Q5: Big Jim Outerwear borrowed $10,000 at the beginning of quarter two and it is now the end of the year. The annual interest rate

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Q5: Big Jim Outerwear borrowed $10,000 at the beginning of quarter two and it is now the end of the year. The annual interest rate is 3% and they have not paid any interest or repayments previously. 45 How much interest do they owe? [1 mark) 46 A) $800 B) $600 C) $400 D) $200

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