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- A borrow took by a man, for every 8 years it will be 3 times, then what is the rate of the interest?
Question 1:
A borrow took by a man, for every 8 years it will be 3 times, thenwhat is the rate of the interest?
A. 15%
B. 20%
C. 25%
Feedback P = 1 , I = 2 , T = 8years R = ?
I = PTR/100
2 = 1×8×R/100
R = 25%
I = PTR/100
2 = 1×8×R/100
R = 25%
D. 28%
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