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Stephen was required to repay a loan that matured to $ 3 , 6 5 0 on August 1 7 , 2 0 1 5

Stephen was required to repay a loan that matured to $3,650 on August 17,2015. However, he realized that he could clear the loan amount on June 7,2015 instead. How much would he have to pay to clear the loan on June 7, if the simple interest rate charged is 3.50% p.a.?

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