A sum of money becomes 6 times at simple interest in 15 years. What is the rate of interest?

A sum of money becomes 6 times at simple interest in 15 years. What is

1.	A sum of money becomes 6 times at simple interest in 15 years. What is the rate of interest?
A.	16.75 percent
B.	8.5 percent
C.	33.33 percent
D.	30.5 percent
Answer» D. 30.5 percent

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A sum of money becomes 6 times at simple interest in 15 years. What is the rate of interest?

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