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 answers
A) 6 2/3%  B) 6 2/9%  C) 2 2/3%  D) 6 5/3%  E) 5 2/3%
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?