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    Question

    If a certain sum of money becomes thrice of itself in 8

    years 6 months at simple interest, then what will be the annual rate of interest? 
    A 24.78 percent Correct Answer Incorrect Answer
    B 21.28 percent Correct Answer Incorrect Answer
    C 24.48 percent Correct Answer Incorrect Answer
    D 23.52 percent Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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