Question

Simple interest on
certain amount is 16/25 of its
principal. If the numbers
representing the rate of
interest in percent and time in
years be equal, then time , for
which the principal is lent out
is .......​

Answer 1

Answer:

Therefore, Rate = 8% and Time = 8 years. Q: The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum.