Question

Simple Interest on a certain sum is 16/
25
of the sum. Find the rate % and time if

both are numerically equal.

Answer 1

Answer:

B) Rate = 8% and Time = 8 years.

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

Therefore, Rate = 8% and Time = 8 years.