Leslie loaned $2,000 to her daughter for four years. She charged her daughter only 4% ordinary simple interest. If the daughter repays all interest and principal on time, how much money will Leslie collect? (Use a 360-day year.)

Question

Leslie loaned $2,000 to her daughter for four years. She charged her daughter only 4% ordinary simple interest. If the daughter repays all interest and principal on time, how much money will Leslie collect? (Use a 360-day year.)​

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The Answer of Leslie loaned $2,000 to her daughter for four years. She charged her daughter only 4% ordinary simple interest. If the daughter repays all interest and principal on time, how much money will Leslie collect? (Use a 360-day year.)​

Leslie Loaned $2,000 to Her Daughter for Four Years