Julia had to borrow $2000 at a rate of 12% for one year to buy a new car. She ...
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Julia had to borrow $2000 at a rate of 12% for one year to buy a new car. She heard that the Reserve Bank may decrease the interest rate, so the rate on her loan would decrease to 10%.
If the rate decreases to 10% after six months,
how much interest does she pay in total over the whole year?
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