simple interest on a certain sum 16/25 of the sum.find the rate percent and tne time if both are numerically equal
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Answer:
Rate = 8% and Time = 8 years
Step-by-step explanation:
Let sum = X.
Then S.I = 16x/25
Let rate = R% and Time = R years.
Therefore, (x * R * R)/100 = 16x/25 => R = 40/5 = 8
∴ Rate = 8% and Time = 8 years.
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