Simple interest on a certain sum at a certain annual rate of interest is $\frac{16}{25}$ of the sum. If the number representing rate per cent and time in years be equal then the rate of interest is

Simple interest on a certain sum at a certain annual rate of interest is $\frac{16}{25}$ of the sum. If the number representing rate per cent and time in years be equal then the rate of interest is
1). 8%
2). $11\frac{1}{2}$%
3). $12\frac{1}{2}$%
4). $12\frac{1}{4}$%

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