In what time a sum of money double itself at 3% per annum simple interest? Select: A) 33 1/9% B) 33 1/3% C) 33 7/3% D) 33 2/3% E) 33 8/3%
P = (P*3*R)/100   R = 33 1/3%   Answer: 33 1/3%
<result>B</result>
In what time a sum of money double itself at 3% per annum simple interest?