If the simple interest on a certain sum of money is 4/25th of the sum and the rate percent equals the number of years, then the rate of interest per annum is:

If the simple interest on a certain sum of money is 4/25th of the sum

1.	If the simple interest on a certain sum of money is 4/25th of the sum and the rate percent equals the number of years, then the rate of interest per annum is:
A.	2%
B.	4%
C.	10%
D.	14%
Answer» C. 10%

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If the simple interest on a certain sum of money is 4/25th of the sum and the rate percent equals the number of years, then the rate of interest per annum is:

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