Bill Gates borrows $7000 from Zuckerberg at the rate of r% per annum. After 3 years he again borrows $3000 and paid a total of $5325 as simple interest after 8 years from the first time he borrowed the money. Find the value of ‘r’?

Bill Gates borrows $7000 from Zuckerberg at the rate of r% per annum. After 3 years he again borrows $3000 and paid a total of $5325 as simple interest after 8 years from the first time he borrowed the money. Find the value of ‘r’?
1). 5.5%
2). 9.5%
3). 7.5%
4). 12.5%

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