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 options:  A) 6 2/3%  B) 6 2/8%  C) 6 9/3%  D) 6 2/3%  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?