Question: To go on a summer trip, Dan borrows $ 2 0 0 . He makes no payments until the end of 6 years, when he
To go on a summer trip, Dan borrows $ He makes no payments until the end of years, when he pays off the entire loan. The lender charges simple interest at an annual rate of
Answer the following questions. If necessary, refer to the list of financial formulas.
a How much total interest will Dan have to pay?
b What will the total repayment amount be including interest
$
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