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Answer:
Interest = Principal x Rate x Time
Given:
Principal (P) = 12000 SSP
Interest (I) = 90 SSP
Time (T) = 2 years
We need to find the interest rate (R).
First, calculate the total amount repaid:
Total Amount = Principal + Interest
Total Amount = 12000 SSP + 90 SSP
Total Amount = 12090 SSP
Now, we can calculate the interest rate:
12090 = 12000 x R x 2
12090 = 24000R
R = 12090 / 24000
[tex] \: \color{red}\boxed{R = 0.50375}[/tex]