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?\nOptions:\n(A) 6 2/3%\n(B) 6 2/9%\n(C) 6 3/3%\n(D) 9 2/3%\n(E) 7 2/3%
Reason slowly and give your answer.
(A)
4/9 P = (P*R*R)/100\nR = 20/3 = 6 2/3%.

So, the final answer is (A)