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A$ 5 0 0 0 loanwastoberepaidwith 5 % simpleannualinterest.Atotalof$ 6 0 0 0 waspaid.Howlonghadtheloanbeenoutstanding?

5000

loanwastoberepaidwith

5 %

simpleannualinterest.Atotalof$

6000

waspaid.Howlonghadtheloanbeenoutstanding?

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