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How much interest do for big jim outerwear

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Question 1: Big Jim Outerwear borrowed $10,000 at the beginning of quarter two and it is now the end of the year. The annual interest rate is 8 % and they have not paid any interest or repayments previously. How much interest do they ?

Select one :

a. 600

b. 400

c. 800

d. $200

Reference no: EM132784282

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