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    Question

    John deposited $1200 in a bank account. After 4 years,

    the total amount in the account is $1400. Find the rate of simple interest per annum. 
    A 4.17% Correct Answer Incorrect Answer
    B 6.23% Correct Answer Incorrect Answer
    C 5.83% Correct Answer Incorrect Answer
    D 5.13% Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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