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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? 
    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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