The simple interest on a sum of money is 1/16 of the principal and the – McqOptions

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1.	The simple interest on a sum of money is 1/16 of the principal and the number of years is equal t, the rate per cent per annum. The rate per annum is
A.	1[1/2]%
B.	2[1/2]%
C.	3[1/2]%
D.	4[1/2]%
Answer» C. 3[1/2]%

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