In what time a sum of money double itself at 6% per annum simple interest?
Options:
(A) 33 1/8%
(B) 33 1/3%
(C) 83 1/3%
(D) 33 4/3%
(E) 16 2/3% Let's think first. Stream of consciousness:
P = (P*6*R)/100
R = 16 2/3%
So, the answer is (E).