A person borrows some money for 8 years at a rate of simple interest. If the ratio of principal and total interest is 5 : 8, then what is the rate (in percentage) of interest?

A person borrows some money for 8 years at a rate of simple interest.

1.	A person borrows some money for 8 years at a rate of simple interest. If the ratio of principal and total interest is 5 : 8, then what is the rate (in percentage) of interest?
A.	10
B.	20
C.	25
D.	30
Answer» C. 25

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A person borrows some money for 8 years at a rate of simple interest. If the ratio of principal and total interest is 5 : 8, then what is the rate (in percentage) of interest?

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