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Mathematics

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Sophie takes out a loan of $16,500 to help pay her employees this month. The bank she takes the loan from charges her a 1.25% interest fee at the end of the month. How much will Sophie need to pay the bank back at the end of the month?

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sadiekennedyepi sadiekennedyepi

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Answer: she will need to pay 13,200 by the end of the month

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