Question:Simple interest on a certain sum is `16/25` of the sum. Find the rate percent and time, If both are numerically equal.
Answer
Let sum = x. Then, S.I = `(16x)/25` Let rate = R % and time = R years. `:. (x xx R xx R)/(100)` `= (16x)/25 or R^2 = (1600)/25 R = 40/5 = 8` :. Rate = 8% and Time = 8 years.