Answer: C
Doubling a principal amount with interest means:
Principal \((p)= x\) rupees
Interest amount \((I)= x\) rupees
Time \((t)=16\cfrac{2}{3} \) years \(=\cfrac{50}{3} \) years
Rate of interest \((r)=\cfrac{100\times I}{pt}\)
Doubling a principal amount with interest means:
Principal \((p)= x\) rupees
Interest amount \((I)= x\) rupees
Time \((t)=16\cfrac{2}{3} \) years \(=\cfrac{50}{3} \) years
Rate of interest \((r)=\cfrac{100\times I}{pt}\)
\(=\cfrac{100\times x}{x\times \cfrac{50}{3}}\)
\(=\cfrac{100\times x \times 3}{x\times 50}\)
\(=6\%\)