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7) A loan was given out on 20 August 2008 at 7% simple interest.it was paid up on 31 December 2008 with a payment of

7) A loan was given out on 20 August 2008 at 7% simple interest.it was paid up on 31 December 2008 with a payment of RM9,299.25.Find the loan amount using the Banker's rule.

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