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Peter borrowed R30 000 from the bank One year later he pays the bank R3 000 and still owes it R30 000 Select only the

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Peter borrowed R30 000 from the bank One year later he pays the bank R3 000 and still owes it R30 000 Select only the correct option(s) A. None of the other statements/options is correct. B. The R3 000 is called the interest rate. C. The interest rate is 10% per annum. D. The R30 000 is the capital amount that must be paid back to the bank at some point in time. Mark for Review What's This? Previous Next Save Exit

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