A sum of money becomes (41)/(40) of itse...

A sum of money becomes `(41)/(40)` of itself in `1/4` year at a certain rate of simple interest. The rate of interest per annum is :

A

`10%`

B

`1%`

C

`2.5%`

D

`5%`

Verified by Experts

The correct Answer is:

A

SIMPLE INTEREST
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