Yes the 60 is just the height of the tyre as long as it is the same inch tyre (16) and same tyres are fitted in pairs front or rear axle.
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16+60 = 76
16/60 x 100 = 26.6 recurring (that is, 26.6666...) Therefore, 16 is 26.6 recurring percent of 60.
60 percent is bigger; 16/100 = 16%
The GCF is 2.
Yes - divide both by 4 16/60 = 4/15