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The effective speed downstream is
= 24 miles per hour.
It is the sum of the motorboat own speed relative to water and the current speed:
24 = u + v (1)
The effective speed upstream is
= 16 miles per hour.
It is the difference of the motorboat own speed relative to water and the current speed:
16 = u - v. (2)
Thus you have these two equations
u + v = 24
u - v = 16
Add them to get
2u = 24 + 16 = 40 ====> u = 40/2 = 20
and then from eq(1) get v = 24 - 20 = 4.
Answer. The rate of the current is 4 miles per hour.
Solved.