Krisi took out a $500 discounted loan calculated using a simple interest rate of 5% for a period of 2 years. how much money does krisi receive when the loan is drawn down? give your answer in dollars to the nearest dollar. do not include the dollar symbol or commas in your answer.

$53.50

step-by-step explanation:

you have to subtract the amount of money chuck earned ($72.50) by the cost of the gas for the mower ($11.25) and the new string for the trimmer he bought ($7.75).

72.50-11.25=61.25

and then subtract $61.25 by the second thing he bought (the new string for the trimmer)

61.25-7.75=53.5

so in total it's $53.50 (53 dollars and 50 cents)

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step-by-step explanation: