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?  Choose the correct choice from the following:
A) 6 2/3%
B) 6 8/3%
C) 6 2/6%
D) 6 3/3%
E) 6 2/1%
4/9 P = (P*R*R)/100   R = 20/3   = 6 2/3%   6 2/3%nswer: 6 2/3%
<result>A</result>
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?