# Loan

If you take a bank loan $10000 and we want to repay after the year, we have to pay the total amount$ 10320/ What is the annual interest rate on this loan?

p =  3.2 %

### Step-by-step explanation:

$p=\frac{10320-10000}{10000}\cdot 100=3.2\mathrm{%}$

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