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The car loan is 250,000 yuan, divided into 24 installments, each installment 1 1220. What is the interest rate?
The interest rate is 7.24%:

The total loan is 250,000 yuan.

Number of repayment months: 24 months

Monthly repayment 1 1, 220.37 yuan.

The total interest paid is 19288.76 yuan.

The total principal and interest is 269,288.76 yuan.

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