ANSWERS: 3
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You have to mention time period and if the interest is simple one or the compounded one and if it's compunded, then over what time is it compounded. Provide me the data and I'll help you with your query.
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You haven't given us the term of the loan, which is crucial in calculating interest = principal*rate*TIME.
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You have to specify the time period over which you will pay back the loan. Without that, there is no way to answer your question.
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