Question: If you borrow $5,000 at 8% simple interest per year for ten years, how much will you have to repay at the end of ten

If you borrow $5,000 at 8% simple interest per year for ten years, how much will you have to repay at the end of ten years?
(a) $3,000
(b) $4,511
(c) $6,000
(d) $8,000
(e) $9,000

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