simple intrest on a certain sum is 16/25 of the sum find the rate percent and time if both are numerically equal
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Step-by-step explanation:
given rate% = time in years = a let
sum = P
simple interest = 16/25 P
PTR/100 = 16/25 P
P*a*a/100 = 16/25 P
a^2 = 1600/25
a^2 = 64
a= 8 (taking positive value only)
thus
rate of interest = 8%
time = 8 years
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