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A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :
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A sum of money becomes 7⁄5 of itself in 4 years at a certain rate of simple interest. The rate per annum is :
A. 9%
B. 10%
C. 11%
D. 12%
Correct Answer:
10%
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Last Updated:
February 07, 2020