The general term of the binomial expansion \( (a + b)^n \) is \( T_{r+1} = \binom{n}{r} a^{n-r} b^r \). With \( a = 5^{1/2} \), \( b = 7^{1/8} \), and \( n = 1016 \), the general term is \( T_{r+1} = \binom{1016}{r} \left(5^{1/2}\right)^{1016-r} \left(7^{1/8}\right)^r = \binom{1016}{r} 5^{(1016-r)/2} 7^{r/8} \). For this term to be rational, both exponents \( (1016 - r)/2 \) and \( r/8 \) must be integers. This implies that \( r \) must be a multiple of 8. The number of multiples of 8 in the range \( 0 \leq r \leq 1016 \) is \( \frac{1016}{8} + 1 = 128 \). Therefore, there are 128 rational terms.