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Business, 12.02.2020 03:22 Scoopaloop

Tom is a mushroom farmer and he invests all his spare cash in additional mushrooms, which grow on otherwise useless land the mushrooms double in size during their first year, after which they are harvested and sold at a constant price year round. Tom's friend asks him for a loan of $200, which he promises to repay after a year. How much interest he will his friend have to pay?

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