Mortage hypo loan
The Jonáš family decided to buy an older apartment, which cost EUR 30,000. They found EUR 17,000 and took the loan with the bank for the remaining amount. What interest did they receive if they repaid this amount for 15 years at EUR 120 per month?
Correct answer:
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You need to know the following knowledge to solve this word math problem:
- algebra
- equation
- expression of a variable from the formula
- arithmetic
- exponentiation
- basic functions
- percentages
- exponential function
- numbers
- fractions
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