Answer:
8% AND 8 YRS
Step-by-step explanation:
16 = SIMPLE INTEREST
25 = PRINCIPAL
RATE PERCENT = SI×100/P×T
R=T=X
X=16×100/25×X
X²=64
X=8
RATE PERCENT = 8%
TIME = 8YRS
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Answers & Comments
Answer:
8% AND 8 YRS
Step-by-step explanation:
16 = SIMPLE INTEREST
25 = PRINCIPAL
RATE PERCENT = SI×100/P×T
R=T=X
X=16×100/25×X
X²=64
X=8
RATE PERCENT = 8%
TIME = 8YRS