Q. The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum. What is the rate (in percentage) of interest per annum?
A) 16
B) 4
C) 12
D) 8
✔ Correct Answer: 8
Exam Insight
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A) 16
B) 4
C) 12
D) 8
✔ Correct Answer: 8
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