If the interest on a sum of money is 1 paisa per rupee per month, what will be the percentage of the annual interest rate?

If the interest on a sum of money is 1 paisa per rupee per month, what

1.	If the interest on a sum of money is 1 paisa per rupee per month, what will be the percentage of the annual interest rate?
A.	\(10\frac{1}{2}\%\)
B.	12%
C.	10%
D.	15%
Answer» C. 10%

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If the interest on a sum of money is 1 paisa per rupee per month, what will be the percentage of the annual interest rate?

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