Q. If simple interest for 4 years is 40% of the principal, find the rate.

  • (A) 8%
  • (B) 9%
  • (C) 10%
  • (D) 12%
βœ… Correct Answer: (C) 10%
Explanation: 40% / 4 = 10%.
Explanation by: Mr. Dubey
40% / 4 = 10%.

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