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The loan for agricultural industry in Chengdu is 200,000 yuan, with monthly repayment 1600 yuan. What are your interests?
It should be 7.4% interest rate:

The total loan is 200,000 yuan.

Number of repayment months: 240 months

Monthly repayment 1, 598.98 yuan.

Total interest paid 183755.02 yuan.

The total principal and interest is 383,755.02 yuan.

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