Let the diagonals of the rhombus be \(d_1\) and \(d_2\).
Given, one diagonal \(d_1 = 16\) cm and the area of the rhombus \(A = 240\) cm\(^2\).
The area of a rhombus is given by the formula:
$$ A = \frac{1}{2} d_1 d_2 $$
Substituting the given values:
$$ 240 = \frac{1}{2} \times 16 \times d_2 $$
$$ 240 = 8 d_2 $$
$$ d_2 = \frac{240}{8} = 30 \text{ cm} $$
So, the lengths of the diagonals are 16 cm and 30 cm.
The diagonals of a rhombus bisect each other at right angles. Let the sides of the rhombus be \(a\). Half the lengths of the diagonals are \(\frac{d_1}{2} = \frac{16}{2} = 8\) cm and \(\frac{d_2}{2} = \frac{30}{2} = 15\) cm.
By the Pythagorean theorem, the side of the rhombus \(a\) can be found using the right-angled triangle formed by half of each diagonal:
$$ a^2 = \left( \frac{d_1}{2} \right)^2 + \left( \frac{d_2}{2} \right)^2 $$
$$ a^2 = (8)^2 + (15)^2 $$
$$ a^2 = 64 + 225 $$
$$ a^2 = 289 $$
$$ a = \sqrt{289} = 17 \text{ cm} $$
The length of each side of the rhombus is 17 cm.
The perimeter of a rhombus is given by \(P = 4a\).
$$ P = 4 \times 17 = 68 \text{ cm} $$
Therefore, the perimeter of the rhombus is 68 cm.