Question
Penelope took a study loan of $44 000 from the bank. She paid 7.6% interest to the bank in the first year. How much interest did she pay the bank in the first year?
2 m

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Penelope took a study loan of $44 000 from the bank. She paid 7.6% interest to the bank in the first year. How much interest did she pay the bank in the first year?