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    Question

    The simple interest on a sum of Rs X in 5 years is 2/5

    of the principal. What is the annual rate of interest?
    A 6% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 12% Correct Answer Incorrect Answer

    Solution

    Let rate = R% (X × R ×5)/100 = 2x/5 R= 200/25 = 8%

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