Loan Repayment with Interest
Calculate how long it will take the Šetrný family to repay the loan if, after the first year, they paid €1350 in interest and the loan's interest rate was 6% p.a. They will repay the loan to the bank for €3,000 each year, and the bank will only add interest to the remaining amount. How much more € will they return to the bank than they borrowed?
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