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  3. a man borrowed an amount of money from the bank at

a man borrowed an amount of money from the bank at an interest rate of...

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Finance

a man borrowed an amount of money from the bank at an interest rate of 12%. After 1 year, the man paid 896,000 as both interest and principal to settle the loan. How much did he borrow? if he had the money for 5 years, what would have been the interest paid?

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