Question

    The simple interest received on a sum is 25/36 of the sum. The number of years is equal to the annual rate of interest. What is the annual rate of interest?

    A 10.25 percent Correct Answer Incorrect Answer
    B 9.25 percent Correct Answer Incorrect Answer
    C 6.62 percent Correct Answer Incorrect Answer
    D 8.33 percent Correct Answer Incorrect Answer

    Solution

    The correct answer is D

    Practice Next

    Relevant for Exams: