If the principal amount is 99 and the amount payable is 199 at the end of the year then the rate of interest is
A. 100%
B. 99%
C. 100.5%
D. 200%
Answer:C
If the principal amount is 99 and the amount payable is 199 at the end of the year then the rate of interest is
A. 100% B. 99% C. 100.5% D. 200%