Simple interest on a certain sum is 16/25 of the sum . Find the rate percent…
2023
Simple interest on a certain sum is 16/25 of the sum . Find the rate percent and time , if both are numerically equal .
- A.
Rate = 8% and Time = 8 years
- B.
Rate = 6% and Time = 6 years
- C.
Rate = 9% and Time = 9 years
- D.
Rate = 10% and Time = 10 years
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Correct answer: A
