Yolanda borrowed 20 000 from her parents to start a bakery She paid them back 25 500 What was the simple rate of interest on

Question

Yolanda borrowed 20 000 from her parents to start a bakery She paid them back 25 500 What was the simple rate of interest on this loan if she repaid the loan after a 4 years b 6 years c 8 years

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