At what rate per annum will the simple interest on a certain sum of money be 1/5 of the amount in 10 yr ?

At what rate per annum will the simple interest on a certain sum of mo

1.	At what rate per annum will the simple interest on a certain sum of money be 1/5 of the amount in 10 yr ?
A.	5%
B.	2%
C.	1%
D.	8%
E.	None of the above
Answer» C. 1%

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At what rate per annum will the simple interest on a certain sum of money be 1/5 of the amount in 10 yr ?

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