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    Calculating Zobia's Loan Debt with Interest in 2006

    On 31 December 2005, Zobia owed 1000 £ on a loan. Interest is added to the debt at the rate of 1.1% at the end of each month. 1-If Zobia makes no repayments during the following year, how much will she owe on 31 December 2006 ( to the nearest £)? 2-Zobia sets up a direct debit to pay...
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