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Calculate the amount of interests

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The 1st of March N, Paul Ltd has lent 120'000 CHF to Mathew Inc. Interest rate is 3% par year. December 31st N (same year) Mathew pays back 13'000 CHF, this amount including the interests and the first installment.

Question 1 : Calculate the amount of interests.

Reference no: EM132511811

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