Business Mathematics MCQ: In 4 years the simple interest on certain sum of money is 9/25 of the principal. The annual rate of interest is

In 4 years the simple interest on certain sum of money is 9/25 of the principal. The annual rate of interest is

Correct Answer: 9%

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Business Mathematics MCQ: In 4 years the simple interest on certain sum of money is 9/25 of the principal. The annual rate of interest is | Extra Education