The simple interest on a sum of money is $$\frac{1}{4}$$ of the principal and the number of years is equal to rate percent per annum. The rate percent is=?

The simple interest on a sum of money is $$\frac{1}{4}$$ of the princi

1.	The simple interest on a sum of money is $$\frac{1}{4}$$ of the principal and the number of years is equal to rate percent per annum. The rate percent is=?
A.	.5%
B.	%
C.	.5%
D.	0%
Answer» C. .5%

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The simple interest on a sum of money is $$\frac{1}{4}$$ of the principal and the number of years is equal to rate percent per annum. The rate percent is=?

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