CSEC Mathematics · January 2014 · Paper 1 · Question Q19
A loan of \8 000 was paid back in 2 years in monthly payments of \400.00. The interest on the loan, as a percentage, was
- (A)5%
- (B)
8\frac{1}{3}\% - (C)
16\frac{2}{3}\% - (D)20%
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