A sum of money becomes 41/40 of itself in 1/4 years at a certain rate of simple interest. The rate of interest per annum is

A sum of money becomes 41/40 of itself in 1/4 years at a certain rate

1.	A sum of money becomes 41/40 of itself in 1/4 years at a certain rate of simple interest. The rate of interest per annum is
A.	10%
B.	1%
C.	2.5%
D.	5%
Answer» B. 1%

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A sum of money becomes 41/40 of itself in 1/4 years at a certain rate of simple interest. The rate of interest per annum is

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