Question

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

Answer 1

6%

Explanation:

108 x%

------- = --------

225 100%

Answer 2

6%

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.