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Simple interest on a certain sum at a certain annual rate of interest is 1/9 of the sum. If the numbers representing rate percent and time in years be equal, then the rate of interest is -

Correct Answer: 3 1/3%

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Math MCQ: Simple interest on a certain sum at a certain annual rate of interest is 1/9 of the sum. If the numbers representing rate percent and time in years be equal, then the rate of interest is - | Extra Education