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      Question

      An amount doubles itself on simple interest in 4 years.

      What is the percent per annum rate of interest?
      A 50% Correct Answer Incorrect Answer
      B 25% Correct Answer Incorrect Answer
      C 12.5% Correct Answer Incorrect Answer
      D 100% Correct Answer Incorrect Answer

      Solution

      4 years =2 times 4 years =2 times -1 4 years =1 Rate of interest =1/4) ×100 =25%

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