The simple interest on a sum of money is \[\frac{4}{9}\]of the principal. Find the rate percent and time, if both are numerically equal.

\[6\frac{2}{3}%,\] 7 years 8 months

\[5\frac{2}{3}%,\] 5 years 8 months

\[7\frac{2}{3}%,\], 7 years 8 months

\[6\frac{2}{3}%,\] 6 years 8 months

The simple interest on a sum of money is \[\frac{4}{9}\]of the princip

1.	The simple interest on a sum of money is \[\frac{4}{9}\]of the principal. Find the rate percent and time, if both are numerically equal.
A.	\[5\frac{2}{3}%,\] 5 years 8 months
B.	\[7\frac{2}{3}%,\], 7 years 8 months
C.	\[6\frac{2}{3}%,\] 6 years 8 months
D.	\[6\frac{2}{3}%,\] 7 years 8 months
Answer» D. \[6\frac{2}{3}%,\] 7 years 8 months

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The simple interest on a sum of money is \[\frac{4}{9}\]of the principal. Find the rate percent and time, if both are numerically equal.

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