Please solve the first one
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The solution is done below for you :
Let the sum be Rs. P and rate of interest r%
According to the question, the interest after 8 years is
I = Rs. 16/25 * P = Rs. 16P/25
We know the formula,
I = Ptr/100, where I = simple interest
P = sum
t = time of investment
r = rate of interest p. a.
This gives,
16P/25 = (P * 8 * r)/100
or, 16P/25 = 8Pr/100
or, r = (16P/25) / (8P/100)
or, r = (16 * P * 100) / (25 * 8 * P)
or, r = 8
∴ the rate percent is 8% p.a. .
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