Correct option is C
Given:
Simple Interest (SI) = 36/100 of Principal (P)
Rate (R) = Time (T)
Formula Used:
SI =
Solution:
Substitute the given values into the formula:
Take the square root of both sides:
R = 6
Since Rate and Time are numerically equal:
Rate = 6% and Time = 6 years.
Final Answer
So the correct answer is (c)