Question
Alex borrowed $11,500 on March 9, 2021. He paid the loan back on demand: $4,100 on August 4, 2021, $4,500 on December 27, 2021, and
Alex borrowed $11,500 on March 9, 2021. He paid the loan back on demand: $4,100 on August 4, 2021, $4,500 on December 27, 2021, and the balance on February 13, 2022. The rate of interest on the loan was 4% p.a. How much did he pay on February 13, 2022?
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