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Dingaka receives R12 650 when taking out a loan with an annual simple discount rate of 12,5%. The loan has to be repaid in eight

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Dingaka receives R12 650 when taking out a loan with an annual simple discount rate of 12,5%. The loan has to be repaid in eight months' time. What is the amount that he has to repay? Select one: a. R11 595,83 b. R13 704,17 c. R13 800,00 d. R11 676,92

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