Get Full Access to Lumos Workbooks Master Course - Grade 7 Mathematics
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Online ProgramIf $1,000 fetches a simple interest of $80 at the end of \(2\frac{1}{2}\) years , what is the rate of interest? Select the correct answer. - 5% p.a.
- 3.2% p.a.
- 9% p.a.
- 4% p.a.
- 5% p.a.
- 3.2% p.a.
- 9% p.a.
- 4% p.a.