Mathematics
Medium
Question
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%
✓ Official correct answer
D
12%
Community credibility
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A
6%
No member explanations yet for this option.
B
4%
No member explanations yet for this option.
C
8%
No member explanations yet for this option.
D
12%
No member explanations yet for this option.