A man borrows Tk. 360 and pays it back in 12 monthly installments of Tk. What is the rate of interest? 

A    5%

B    14.5%

C    7.5%

D    10%

Solution

Correct Answer: Option A

Practice More Questions on Our App!

Download our app for free and access thousands of MCQ questions with detailed solutions

Download Android App Login to Website

Related Topics