# 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?

Correct result:

p =  3.2 %

#### Solution:

$p = \dfrac{ 10320-10000}{ 10000} \cdot 100 = 3.2 \%$ We would be pleased if you find an error in the word problem, spelling mistakes, or inaccuracies and send it to us. Thank you! Tips to related online calculators

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