Simple interest on a certain sum at a certain annual rate of interest is 16% of the sum. If the numbers representing rat

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Q 2454312254.     Simple interest on a certain sum at a certain annual rate of interest is 16% of the sum. If the numbers representing rate per cent and time in years be equal, then the rate of interest is
IPPB-PO 2017 Mains 2401
A

4%

B

6%

C

4.5%

D

6.5%

E

None of these

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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