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The simple interest on a sum of money is...

The simple interest on a sum of money is `(4)/(9)` times the principal and the rate of interest per annum is numerically equal to the number of years. Find the rate of interest per annum.

A

`10/(3)%`

B

`15/(3)%`

C

`20/(3)%`

D

`15/(2)%`

Text Solution

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The correct Answer is:
C
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