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Suppose a firm borrows $10,000 from a bank at a 2% rate for 3 years. Using the simple interest method, find the total interest amount

Suppose a firm borrows $10,000 from a bank at a 2% rate for 3 years. Using the simple interest method, find the total interest amount he will pay on this loan at the end of the 3 years. None listed $10,600$600$200$10,200

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