Q: In what time a sum of money double itself at 6% per annum simple interest?\nOptions:\n(A) 33 1/8%\n(B) 16 2/3%\n(C) 33 7/3%\n(D) 32 1/3%\n(E) 23 1/3% Let's give some random thoughts before answering.
User
P = (P*6*R)/100\nR = 16 2/3%
Therefore, the answer is (B).
Assistant