The simple interest on a sum of money is 2/3 of the principle. Find the rate percent and time, if both are numerically equal.
Options
- 10 %, 10 year
- 10/3 %, 10/3 year
- 11/3%, 11/3 year
- 12 %, 12 year
CORRECT ANSWER : 10/3 %, 10/3 year
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