Q. The simple interest on a sum is 7/8 of the principal for 5 years. What is the rate (in percentage) of interest per annum?
A) 17.5
B) 15
C) 22.5
D) 14
✔ Correct Answer: 17.5
Exam Insight
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A) 17.5
B) 15
C) 22.5
D) 14
✔ Correct Answer: 17.5
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