Answer: C
Let the principal amount \((p) = x\) rupees
Time \((t) = 16\) years
Interest \((I) = x\) rupees
∴ Rate of interest \((r) = \cfrac{100 \times I}{p \times t}\)
\(=\cfrac{100×x}{x×16} \%=\cfrac{25}{4}\%=6\cfrac{1}{4}\%\)
Let the principal amount \((p) = x\) rupees
Time \((t) = 16\) years
Interest \((I) = x\) rupees
∴ Rate of interest \((r) = \cfrac{100 \times I}{p \times t}\)
\(=\cfrac{100×x}{x×16} \%=\cfrac{25}{4}\%=6\cfrac{1}{4}\%\)