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14 August, 08:16

Robert gets a loan from his bank.

He agrees to borrow £6 000 at a fixed annual simple interest rate of 7%.

He also agrees to pay the loan back over a 10-year period.

How much money in total will he have paid back at the end of the 10 years?

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  1. 14 August, 08:22
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    He will of paid £420 as intrest
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