Q. 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 = 7% and Time = 7 years.
• B. Rate = 8% and Time = 8 years.
• C. Rate = 6% and Time = 6 years.
• D. Rate = 5% and Time = 5 years.

Correct Answer: B