A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is?

A sum of money becomes 7/6 of itself in 3 years at a certain rate o

1.	A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is?
A.	5 5/9 %
B.	6 5/9 %
C.	18%
D.	25%
Answer» B. 6 5/9 %

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A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is?

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