Mathematics · Simple Interest
An amount has become 25 16 times the principal under simple interest. If the rate of simple interest and the time period (in years) are numerically the same, then the rate of simple interest is:
- 17 1 2 %✓
- 28 1 2 %
- 39 1 2 %
- 46 1 2 %
Correct answer
7 1 2 %
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