Mathematics for FinanceMTP Sep 24Question 1426 of 422
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The simple interest on a certain sum of money is $\frac{1}{25}$ times of principal, the rate of interest when rate of interest and time are equal is

Options

A$2\%$
B$3\%$
C$4\%$
DNone of these
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Correct Answer

Option a$2\%$

All Options:

  • A$2\%$
  • B$3\%$
  • C$4\%$
  • DNone of these

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