Simple interest on a certain sum is 16/25 of the sum. find the time in years, if the rate per cent and time are equal
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Step-by-step explanation:
Let P be the principal and T be the period (in years) and T be the rate of interest.
The equation will be -
P x T x T% = P x 16/25
Devide both sides by P
(P x T x T%)/ P = (P x 16/25)/P
T x T/100 = 16/25
T x T = 16/25 x 100 = 64
T = 8
8% simple interest for 8 years on ANY AMOUNT will be equal to 64% of that amount, which is equal to 16/25 of that amount.
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5
Answer:
8 years
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