The correct option is (b) Goal seeking analysis.
The process of determining your input value based on an already known output value is referred to as "goal seeking" in general. The method entails applying a certain operator to a formula that may be computed using computer software.
In computing, the ability to work backwards to determine an input that would produce a specific outcome is known as goal seeking. Back-solving and what-if analysis are other names for this process. Either logical methods or trial and error can be used to attempt it.
To figure out what interest rate you'll need to negotiate in order to reach your loan objective, use Goal Seek. Use the Goal Seek function if you are aware of the output you require from a formula but are unsure of the input value required. Consider the situation where you need to borrow some cash.
Learn more about Goal Seek here
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