Task 4.

Eugene Petrovich decided to take a loan from a banking institution in the amount of 3,000,000 rubles to purchase a one-bedroom apartment in Andronovka. The loan terms are as follows: he returns the initial loan amount and 150,000 rubles in interest over 8 months. Determine the annual interest rate of the banking institution on the loan (in percent), assuming the duration of the year is 360 days, and the number of days in a month is 30.
Solution: (150000/8)/3000000*12*100

Answer: $7.5 \%$

Criteria:

Correct solution and answer - 20 points

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