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Term of Loan/Date of Loan using Banker's Rule?
I need helps in solving this question. I have to submit it by today.Tq
On 4 Oct 2010, Alia paid \$8200 for his loan of \$8000 made on a certain date. If the simple interest rate was 5%, determine:
a)the term of the loan
b)the date of the loan using Banker's Rule

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