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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
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 8% and they have not paid any interest or repayments previously. 5 How much interest do they owe? (1 mark) -6 A) $800 37 B) $600 38 C) $400
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