A) 8% and 8 years
B) 6% and 6 years
C) 10% and 10 years
D) 12% and 12 years
Correct Answer: A
Solution :
\[\frac{16}{25}P=\frac{P\times R\times R}{100}\] \[\Rightarrow \] \[{{R}^{2}}=\frac{1600}{25}\Rightarrow R=\frac{40}{5}=8%\] Also, time =8 yearsYou need to login to perform this action.
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