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Q:
A) Rate = 7% and Time = 7 years. | B) Rate = 8% and Time = 8 years. |
C) Rate = 6% and Time = 6 years. | D) Rate = 5% and Time = 5 years. |
Answer: B) Rate = 8% and Time = 8 years.
Explanation:
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.