Arithmetichard · Past Paper

The SI on a sum is 16/25 of the principal. Find the rate if the rate and time are numerically equal.

A6%
B8%
C10%
D12%

✓ Correct Answer: B8%

16/25 * P = (P * R * R) / 100 => R^2 = 1600/25 = 64 => R = 8%.

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