# Interest 6047

Mr. Demikát took out a loan worth 5,000 euros from the bank with an interest rate of 12 percent. How many months will it repay if the monthly payment is 80 euros?

### Correct answer:

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#### You need to know the following knowledge to solve this word math problem:

**algebra**- exponential equation
**arithmetic**- rounding
- exponentiation
**basic functions**- percentages
- logarithm
- exponential function

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