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Lucky champ owes 160.50 interest on a 6% loan he took out on his march 17th birthday to upgrade an oven in his irish restaurant

Lucky champ owes 160.50 interest on a 6% loan he took out on his march 17th birthday to upgrade an oven in his irish restaurant luckys pub and grub. The loan is due on august 17th .

What is the Principal?

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