CSEC Mathematics · May/June 2012 · Paper 1 · Question Q22
A loan of \8\,000 was paid back in 2 years in monthly payments of \400.00. The percentage interest on the loan was
- (A)
5\% - (B)
8\frac{1}{3}\% - (C)
16\frac{2}{3}\% - (D)
20\%
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