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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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