9702
O $10
O $1,000
If the interest paid by Micheal 10 points
is one-fifth of the total
amount he has to pay after a
certain time period, what is
the time period if the rate of
interest was 25%?*
0 4
4 YEARS
3 YEARS
O 4 YEARS AND 6 MONTHS
O 3 YEARS AND 6 MONTHS​