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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 per annum. The rate per annum is :
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- 5%
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6 2 % 3 - 6%
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7 1 % 5
Correct Option: B
We know that
| SI = | |
| 100 |
According to question,
| SI = | P | |
| 9 |
& R = T (numerically)
| ∴ | P = | ||
| 9 | 100 |
| ∴ R2 = | |
| 9 |
∴ R2 = √(400 / 9)
| R = | = 6 | % | ||
| 3 | 3 |
