Question

The simple interest received on a sum is 25/36 of the sum. The number of years is equal to the annual rate of interest. What is the annual rate of interest?

A 10.25 percent Correct Answer Incorrect Answer
B 9.25 percent Correct Answer Incorrect Answer
C 6.62 percent Correct Answer Incorrect Answer
D 8.33 percent Correct Answer Incorrect Answer

Solution

The correct answer is D

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