6. Simple interest on a certain sum is 16/25
of the sum. Find the rate percent and the
time if both are numerically equal.
Answers
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Step-by-step explanation:
Let sum = x. Then, S.I = (16x)/25
Let rate = R % and time = R years.
(x xx R xx R)/(100)
= (16x)/25 or R^2 = (1600)/25 R = 40/5 = 8`
Rate = 8% and Time = 8 years.
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