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The simple interest accrued on a sum of money at the end of four years is 1/5th of its principal. What is the rate of interest per annum?a)4%b)5%c)6%d)Inadequate dataCorrect answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about The simple interest accrued on a sum of money at the end of four years is 1/5th of its principal. What is the rate of interest per annum?a)4%b)5%c)6%d)Inadequate dataCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The simple interest accrued on a sum of money at the end of four years is 1/5th of its principal. What is the rate of interest per annum?a)4%b)5%c)6%d)Inadequate dataCorrect answer is option 'B'. Can you explain this answer?.

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