The simple interest on a sum of money is 4/9 of the principal and the number of

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The simple interest on a sum of money is 4/9 of the principal and the number of years is equal to the rate percent. Find the rate and the time?

Options:

A . 6 2/3 years; 6 2/3 %

B . 5 1/3 years; 5 1/3 %

C . 4 2/3 years; 4 2/3 %

D . None

Answer: Option A

4/9 P = (P*R*R)/100

R = 20/3 = 6 2/3%

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