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How much is the total mount roxanne needs to pay

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Problem 1: Roxanne borrowed money from Sasa with the following conditions. Interest rate is at 3% and Roxanne needs to pay it in 2 years. The amount borrowed was ?100,000.00. How much is the total mount Roxanne needs to pay after 2 years?

Option 1: ?100,600.00

Option 2: ?106,600.00

Option 3: ?160,000.00

Option 4: ?106,000.00

Reference no: EM132810083

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