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 .

  1. A.

    Rate = 8% and Time = 8 years

  2. B.

    Rate = 6% and Time = 6 years

  3. C.

    Rate = 9% and Time = 9 years

  4. D.

    Rate = 10% and Time = 10 years

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Correct answer: A

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