In what time a sum of money double itself at 3% per annum simple interest?\nOptions:\n(A) 33 1/8%\n(B) 33 1/3%\n(C) 83 1/3%\n(D) 33 4/3%\n(E) 73 1/3%
Step-by-step reasoning process below:
(B)
P = (P*3*R)/100\nR = 33 1/3%.

So, the answer is (B)