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Simple interest on a certain amount i...

Simple interest on a certain amount is `9/(16)` of the principal. If the numbers representing the rate of interest in percent and time in years be equal, then time, for which the principal is lent out, is `5 1/2` years (b) `6 1/2` years (c) 7 years (d) `7 1/2` years

A

`5(1)/(2)` years

B

`6(1)/(2)` years

C

7 years

D

`7(1)/(2)` years

Text Solution

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The correct Answer is:
D
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