If Re.1 amounts to Rs.9 over a period of 20 years. What is the rate of simple interest?

If Re.1 amounts to Rs.9 over a period of 20 years. What is the rate

1.	If Re.1 amounts to Rs.9 over a period of 20 years. What is the rate of simple interest?
A.	26 2/3 %
B.	30 %
C.	27 1/2%
D.	40 %
Answer» E.

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If Re.1 amounts to Rs.9 over a period of 20 years. What is the rate of simple interest?

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