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A financial institution claims that it returns three times the principal in 25 years on a certain rate of simple interest per annum. What is the rate
Question

A financial institution claims that it returns three times the principal in 25 years on a certain rate of simple interest per annum. What is the rate of simple interest?

A.

8%

B.

6%

C.

4%

D.

5%

Correct option is A

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