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      Question

      The simple interest received on a sum for 40 years is

      2/5 of the sum. What is the annual rate of interest?Β 
      A 1. 5 percent Correct Answer Incorrect Answer
      B 1 percent Correct Answer Incorrect Answer
      C 2 percent Correct Answer Incorrect Answer
      D 3 percent Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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