In how many years, a sum of money becomes 4 (\frac{2}{3}) ti... | Mathematics | SolveeIt | Solveeit

Today, August 18

Question

In how many years, a sum of money becomes 4 $\frac{2}{3}$ times of itself at a simple interest of 5 $\frac{1}{2}$ % per annum?

A

$33\frac{1}{3}$ Years

B

$44\frac{1}{3}$ Years

C

$55\frac{1}{3}$ Years

D

$66\frac{1}{3}$ Years

Answer

$66\frac{1}{3}$ Years

Explanation

Solution

The correct option is (D): $66\frac{1}{3}$ Years