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bagirrra123 [75]

4 years ago

9

If I have a loan of £650 and pay interest of 4% for one year. A) how much interest do I pay? B)how much do I pay back in total?

C) how much do I pay per month?

1 answer:

Inga [223]4 years ago

7 0

A) You pay £650 * 0.04 = £26 interest.

? B monthly payment = (650 + 26) / 12 = £56.33

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