Simple interest on a certain amount is $$\frac{9}{{16}}$$ of the principal. If t

Question

Simple interest on a certain amount is $$\frac{9}{{16}}$$ of the principal. If the numbers representing the rate of interest in percent and time in years be equal, then time, for which the principal is lent out, is -

Options:

A . $$5\frac{1}{2}$$ years

B . $$6\frac{1}{2}$$ years

C . 7 years

D . $$7\frac{1}{2}$$ years

Answer: Option D

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