If the simple interest on a certain sum of money after 3 1⁄8 years i – McqOptions

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1.	If the simple interest on a certain sum of money after 3 1⁄8 years is 1⁄4 of the principal, what is the rate of interest per annum?
A.	6%
B.	4%
C.	8%
D.	12%
Answer» D. 12%

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