Question: Part A Cont'd: Five Problems - 1 0 marks each 5 . Samson had to borrow $ 1 9 5 0 from his friend Cecil.

Part A Cont'd: Five Problems

- 10

marks each

5 .

Samson had to borrow $

1950

from his friend Cecil. Cecil said for Samson to repay him at

14 %

for the next

5

months. After

5

months had passed, Samson had not repaid Cecil, so they came up with a new agreement. The new agreement was that Samson could refinance the loan plus the accumulated interest for another

5

months at

16 %

simple interest. How much total interest was Samson charged?

Part A Cont'd: Five Problems -10 marks each 5. Samson had

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