What is the simple interest rate applied to a principal over $4$ years if the total interest paid equals the borrowed principal?

20

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Solution

The correct option is B $25$ %
$I = \frac{I \times R \times 4}{100}$
$R = \frac{100}{4} = 25 %$

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What is the simple interest rate applied to a principal over 4 years if the total interest paid equals the borrowed principal?

The correct option is B 25%I=I×R×4100R=1004=25%

What is the simple interest rate applied to a principal over $4$ years if the total interest paid equals the borrowed principal?

The correct option is B $25$ %
$I = \frac{I \times R \times 4}{100}$
$R = \frac{100}{4} = 25 %$