There is a solution $t$, since $(0.4)^t\gt 5t$ at $t=0$, and $(0.4)^t\lt 5t$ at $t=1$. It is easy to see that there cannot be a solution outside the interval $(0,1)$.
There is no rational solution. For suppose that $t=\frac{p}{q}$ is a solution, where $p$ and $q$ are relatively prime integers, neither equal to $0$. Since $0\lt t\lt 1$, we have $p\lt q$. Then from
$$\left(\frac{2}{5}\right)^{p/q}=5\frac{p}{q}$$
we obtain
$$2^pq^q=5^{p+q}p^q.$$
Thus $p$ is a power of $2$. This is impossible, since then $2^p \lt p^q$.
By using the Gelfond-Schneider theorem, we can now prove that $t$ cannot be an irrational algebraic number. For if $t$ is irrational algebraic, then $(0.4)^t$ is transcendental, but $5t$ is not.
So $t$ is transcendental. We have not ruled out the possibility that $t$ is a simple combination of "simple" transcendentals, such as $\log 2$, $\log 3$, \sin 1$, and so on.