Question: A man borrowed money from his friend in the amount of 5,000 birr on January 15, 2018. He is obliged to pay the amount on

A man borrowed money from his friend in the amount of 5,000 birr on January 15, 2018. He is obliged to pay the amount on his friend’s birthday on November 28 during the same year at an interest rate of 22%. What is the exact simple interest of his debt?

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