1.24. If an investor borrows $100 and pays back $100 after a year to settle his loan, it implies that the rate of interest is ________. A) 0 percent B) 1 percent C) 10 percent D) 100 percent

,If an investor borrows $100 and pays back $100 after a year to settle his loan, it implies that the rate of interest is 0%

What is Interest Rate?

This refers to the added amount which is to be repaid with respect to a loan after a given time period.

With this in mind, we can see that because after a period of 1 year, the principal amount which is $100 is paid back without any additional charge, then the rate of interest on the loan is 0%.

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