Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal.

Simple interest on a certain sum is 16/25 of the sum. Find the rate pe

1.	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.
Answer» C. Rate = 6% and Time = 6 years.