Question

Ashot borrowed $225, and paid $108 as an interest of eight years. What was the annual interest rate?

Answer 1

Answer:

6%

Step-by-step explanation:

I asked this same exact question, no one got the right answer, so I just guessed, and what do you know, I got the answer right! So here you go.

Answer 2

Answer:

6%

Step-by-step explanation:

108           x%

-------  =   --------

225          100%