Quantitative Aptitude Interest Simple Interest

The simple interest on a sum is equal to \(\frac{4}{9}\) of its principal. If both percentage of rate and time are numerically equal, then their value will be:

1
\(6\frac{2}{3}\)
2
\(7\frac{3}{4}\)
3
\(6\frac{3}{4}\)
4
\(7\frac{1}{2}\)

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