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please add explanation with it. QUESTION 4 If you are approved for a loan at 3.49 p.a., and you borrow $16,200 how much interest will

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please add explanation with it.

QUESTION 4 If you are approved for a loan at 3.49 p.a., and you borrow $16,200 how much interest will you be charged if the loan is for 11 months

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