The Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and the time if both are numerically equal
Answers
Answer:
Step-by-step explanation:
Let the sum/principal be x.
Given that Simple interest on a certain sum is 16/25 of the sum.
SI = 16/25 * x
= 16x/25.
Now,
Given that Rate and Time are numerically Equal.
Let the rate of interest and Time be R years.
We know that SI = PTR/100
16x/25 = x * R * R/100
16x/25 = xR^2/100
16/25 = R^2/100
1600 = 25R^2
1600/25 = R^2
64 = R^2
R = 8.
Therefore the Rate = 8%
Time = 8 years
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Answer:
The rate percent and time are 8% and 8 years
Step-by-step explanation:
Let the sum be x
Simple interest = 16x/25
Let the rate of interest be y
We are given that the rate percent and time if both are numerically equal
So, Time = y
So, SI. = (PTR)/100
16/25x = (x x y x y)/100
16/25 = y²/100
√16/25 x 100 = y
8=y
Hence the rate percent and time are 8% and 8 years