The general term in the binomial expansion of \( (a + b)^n \) is given by:
\[
T_{r+1} = \binom{n}{r} a^{n-r} b^r
\]
Here, \( a = 5^{1/2} \), \( b = 7^{1/8} \), and \( n = 1016 \).
The general term becomes:
\[
T_{r+1} = \binom{1016}{r} \left(5^{1/2}\right)^{1016-r} \left(7^{1/8}\right)^r = \binom{1016}{r} 5^{(1016-r)/2} 7^{r/8}
\]
For the term to be rational, both exponents \( (1016 - r)/2 \) and \( r/8 \) must be integers.
Therefore, \( r \) must be a multiple of 8 and even.
The number of multiples of 8 in the range \( 0 \leq r \leq 1016 \) is:
\[
\frac{1016}{8} + 1 = 128
\]
Thus, the number of rational terms is 128.