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Suppose Steve borrows Ksh.5000 at a simple interest rate of 8% per year. i. Find the formula for the amount, A, Mary will owe in

Suppose Steve borrows Ksh.5000 at a simple interest rate of 8% per year.

i. Find the formula for the amount, A, Mary will owe in y years.
ii. Find the amount Mary will owe in 8 years.
iii.Calculate the amount Mary will owe in 54 months.

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