Stream of consciousness rationale: P = (P*60*R)/100
R = 1 2/3%
The question and answer pair are described below.
user
Q: At what rate percent on simple interest will a sum of money double itself in 60 years?
Options:
(A) 3 1/3%
(B) 3 1/9%
(C) 1 2/3%
(D) 3 2/3%
(E) 3 6/3%
A: (C)
assistant