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If N2,500.00 amounted to N3,50.00 in 4 years at simple interest, find the rate at which ...

If N2,500.00 amounted to N3,50.00 in 4 years at simple interest, find the rate at which the interest was charged

A. 5%
B. 7\(\frac{1}{2}\)%
C. 8%
D. 10%




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