MCQOPTIONS
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| 1. |
The simple interest accrued on a sum of money at the end of four years is 1/5th of its principal. What is the rate of interest per annum? |
| A. | 0.04 |
| B. | 0.05 |
| C. | 0.06 |
| D. | Inadequate data |
| Answer» C. 0.06 | |