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On a certain sum, the simple interest...

On a certain sum, the simple interest at the end of `12 1/2` years becomes `3/4` of the sum. What is the rate of interest p.c.p.a?

A

5% per year

B

6% per year

C

7% per year

D

8 % per year

Text Solution

Verified by Experts

The correct Answer is:
B
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