Help with finding the interest?

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crzyvata21

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Change the % to a decimal-->Convert the time to years-->Multiply the principal by the % by the time

5.) $2000 loan, 14%, 2 years


Can someone please help because i'm so confused right now?
 
Percent means per 100 therefore 14% is 14 / 100 = 0.14 as a decimal value. 2 years is 2 years in years.
 
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